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CIMA Exam CIMAPRA17-BA3-1 Topic 1 Question 86 Discussion

Actual exam question for CIMA's CIMAPRA17-BA3-1 exam
Question #: 86
Topic #: 1
[All CIMAPRA17-BA3-1 Questions]

Mr UY has just had property P re-valued. Mr UY originally purchased property P for 560,000. It is now worth 780,000.

Which ONE of the following shows how this transaction should be recorded in Mr UY's property account?

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Suggested Answer: A

by Tamala at May 02, 2024, 03:53 PM

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Carri
10 months ago
True. And C doesn’t make sense either. Systems need to be expandable.
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Yolando
10 months ago
Yeah, B is a bit confusing. If codes weren't unique, it would be messy.
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Chaya
10 months ago
I agree with Codes are definitely used for cross-referencing. That makes sense.
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Kenny
10 months ago
I'm not so sure. Are we certain coding systems are always unique?
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Alison
10 months ago
Seems straightforward. I think A is correct. Codes help cross-reference transactions.
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Lavera
11 months ago
What do you think about the question on accounting coding systems?
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