CIMA Exam CIMAPRA17-BA3-1 Topic 4 Question 103 Discussion

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

Question #: 103
Topic #: 4

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 Kasandra at Nov 19, 2024, 01:40 AM

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