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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

by Kasandra at Oct 23, 2024, 05:10 AM

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Nadine
2 months ago
Looks like Accountant P needs to invest in a calculator and a pair of reading glasses. Or maybe just a career change, you know, something that doesn't involve numbers.
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Sina
1 months ago
A) Error of original entry
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Silva
2 months ago
B) Compensation of errors
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Adell
2 months ago
A) Error of original entry
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Gail
2 months ago
Compensation of errors, for sure. Though I'm more interested in the math skills of this Accountant P. 1,500 instead of 2,000? Yikes, someone needs to brush up on their counting.
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Desmond
2 months ago
Error of principle, huh? I guess Accountant P forgot the golden rule of accounting: always debit the thing and credit the other thing.
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Tran
16 days ago
D) Error of principle
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Jolanda
1 months ago
C) Reversal of entries
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Christa
2 months ago
B) Compensation of errors
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Heike
2 months ago
A) Error of original entry
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Ashton
3 months ago
Man, I bet Accountant P is really regretting that mix-up. Reversal of entries would have been a much cooler answer, though.
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Latanya
1 months ago
B) Compensation of errors
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Louis
1 months ago
A) Error of original entry
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Elin
3 months 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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Daryl
1 months ago
D) Error of principle
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Inocencia
2 months ago
C) Reversal of entries
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Hermila
2 months ago
B) Compensation of errors
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Wendell
2 months ago
A) Error of original entry
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Rozella
3 months 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
3 months ago
I agree with Ceola, because the mistake occurred at the point of entry.
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Ceola
3 months ago
I think it's an Error of original entry.
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