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Free CIMAPRA17-BA3-1 Exam Dumps

Here you can find all the free questions related with CIMA BA3 - Fundamentals of Financial Accounting (CIMAPRA17-BA3-1) exam. You can also find on this page links to recently updated premium files with which you can practice for actual CIMA BA3 - Fundamentals of Financial Accounting Exam. These premium versions are provided as CIMAPRA17-BA3-1 exam practice tests, both as desktop software and browser based application, you can use whatever suits your style. Feel free to try the BA3 - Fundamentals of Financial Accounting Exam premium files for free, Good luck with your CIMA BA3 - Fundamentals of Financial Accounting Exam.
Question No: 1

MultipleChoice

Refer to the exhibit.

A company has the following transactions for the month of April:

Closing inventory at the end of the period was $26,000 and gross profit was $90,000. The opening inventory was therefore:

Options
Question No: 2

MultipleChoice

The role of the internal auditors is primarily to:

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Question No: 3

MultipleChoice

Store Y believe customer XF will not be able to pay his 300 debt. Which ONE of the following day books should this 'bad debt' be recorded in?

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Question No: 4

MultipleChoice

The phrase 'net book value', when applied to the statement of financial position figure for non-current assets, indicates that the figure represents:

Options
Question No: 5

MultipleChoice

Refer to the exhibit.

The following information is available in respect of two companies that operate in the same market sector:

Which one of the following statements most accurately describes the companies' relative position?

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Question No: 6

MultipleChoice

''To assure shareholders that the stewardship of the organization was effectively carried out.''

What does this definition describe?

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Question No: 7

MultipleChoice

The external auditor seeks to provide an opinion on whether the accounts show a true and fair view

What is the international term for 'true and fair view'?

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Question No: 8

CorrectText

BCD has the following balances for the year ended 31 December 20X8:

What is the trade payables balance of BCD at 31 December 20X8? Give your answer to the nearest $"000.

Question No: 9

CorrectText

CC is preparing its bank reconciliation, and has the following information:

What will the bank balance be, as presented in the statement of financial position, once the necessary adjustments have been made''

Question No: 10

CorrectText

At 1 January 20X8 JKL has share capital of $500,000 and share premium $270,000. The nominal value of each equity share is 50 cents On 31 July 20X8 JKL made a 1 for 4 bonus issue.

What is the balance on share premium following the bonus issue of shares? Give your answer to the nearest $'000


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