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CIMA Exam CIMAPRA17-BA3-1 Topic 3 Question 102 Discussion

Actual exam question for CIMA's CIMAPRA17-BA3-1 exam
Question #: 102
Topic #: 3
[All CIMAPRA17-BA3-1 Questions]

Accountant P debited wages with 1,000 instead of 1,500, but credited sales with 1,500 instead of 2,000.

Which of the following kind of bookkeeping mistakes is this?

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Suggested Answer: D

Contribute your Thoughts:

Elin
2 days ago
This sounds like a classic case of compensation of errors. The debits and credits don't add up, but they happen to offset each other.
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Rozella
6 days ago
But could it also be a Compensation of errors since the debited amount was less than the credited amount?
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Carli
10 days ago
I agree with Ceola, because the mistake occurred at the point of entry.
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Ceola
11 days ago
I think it's an Error of original entry.
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