CIMA Exam CIMAPRA17-BA3-1 Topic 1 Question 22 Discussion

Actual exam question for CIMA's CIMAPRA17-BA3-1 exam

Question #: 22
Topic #: 1

Which of the following is the correct double entry for a prepayment?

ADebit expense Credit prepayment (current asset)

BDebit prepayment (current liability) Credit expense

CDebit prepayment (current asset) Credit expense

DDebit expense Credit prepayment (current liability)

Show Suggested Answer

Suggested Answer: A

by Merissa at May 07, 2022, 08:03 AM

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