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CIMA Exam CIMAPRA17-BA3-1 Topic 4 Question 100 Discussion

Actual exam question for CIMA's CIMAPRA17-BA3-1 exam
Question #: 100
Topic #: 4
[All CIMAPRA17-BA3-1 Questions]

In relation to accounting coding systems in the computerized records of an entity, which of the following is true?

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Suggested Answer: A

by Cherelle at Sep 19, 2024, 12:44 PM

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Markus
24 days ago
Haha, I bet the right answer is something super obvious that we're all overthinking. Time to get back to the basics of accounting!
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Edelmira
6 days ago
B) Codes in coding systems are not unique
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Ellsworth
7 days ago
A) Codes are used to cross-reference transactions
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Margarett
25 days ago
D) Codes are used in the nominal ledger but not in payroll - Hmm, I'm not sure about that. Wouldn't payroll also need its own coding system to keep track of employee data and payments?
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Frankie
15 days ago
A) Codes are used to cross-reference transactions
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Glory
1 months ago
C) Coding systems are not expandable - Really? I would have thought they'd need to be flexible enough to accommodate new accounts and transactions as the business grows. Seems like a major limitation.
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Annita
1 months ago
B) Codes in coding systems are not unique - Wait, what? I thought the whole point of coding systems was to have unique identifiers. That doesn't sound right.
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Lili
1 months ago
A) Codes are used to cross-reference transactions - That makes total sense to me. Coding systems are essential for keeping track of all the financial data.
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Jacquline
11 days ago
D) Codes are used in the nominal ledger but not in payroll
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Luis
20 days ago
C) Coding systems are not expandable
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Delsie
29 days ago
B) Codes in coding systems are not unique
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Tyisha
1 months ago
A) Codes are used to cross-reference transactions
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Elvera
1 months ago
I'm not sure about that. I think the answer might be D) Codes are used in the nominal ledger but not in payroll.
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Tora
2 months ago
I agree with Lang. Using codes to cross-reference transactions makes sense in accounting coding systems.
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Lang
2 months ago
I think the answer is A) Codes are used to cross-reference transactions.
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