Latest CIMA CIMAPRA17-BA3-1 Exam dumps 2026

Question No: 1

CorrectText

Refer to the Exhibit.

An extract of information from K's book of accounts revealed that:

Cash received during the year is

Question No: 2

MultipleChoice

XYZ's computerized accounting system automatically updates the non-current asset register when additions to property, plant and equipment are made A machine costing $120,000, with a useful life of five years and an estimated residual value of $12,000 is acquired at the year end.

Which option best statements is correct in relation to the recording of this asset in the non-current asset register?

Options

AThe journal entry to record the cost is Dr Asset $120,000 and Cr Bank $120,000 The five year useful life is recorded

BThere is no journal entry but the cost of $120,000, the five year useful life and estimated residual value of $12 000 are recorded

CThere is no journal entry but the cost of $120,000 and the five year useful life are recorded

DThe journal entry to record the cost is Dr Asset $120,000 and Cr Bank $120,000 The five year useful life and estimated residual value of $12,000 are recorded

Question No: 3

CorrectText

DE has the following incomplete non-current register extract at 301 at December 20X7:

What is the useful economic life (UEL) (in years) of this asset which should be entered into the non-current asset register?

Question No: 4

MultipleChoice

A business may have thousands of transactions in any one accounting year. To trace the details of one of those transactions could be very difficult

Which option best would be a way to make this easier?

Options

AEfficient filing

BEffective coding

CAudit trail

DComplete record keeping

Question No: 5

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

A$32,000

B$20,000

C$6,000

D$26,000

Question No: 6

MultipleChoice

The role of the internal auditors is primarily to:

Options

APrepare the financial accounts

BSupport the work of the external auditors by carrying out specific checks on the accuracy of the accounting system

CReduce the fees charged by the external auditors by carrying out some of their duties at a lower cost, thereby improving profits

DReport to shareholders on the accuracy of the accounting system

Question No: 7

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?

Options

AReturns inwards daybook

BSales daybook

Cjournal

DCash book

EPetty cash book

Question No: 8

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

AThe current market value of the assets

BThe current market value of the assets, less accumulated depreciation

CThe original cost or valuation of the assets, less accumulated depreciation

DThe replacement cost of the assets

Question No: 9

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?

Options

ACompany A has the shortest working capital cycle and the best control on both inventories and payables.

BCompany B has the shortest working capital cycle and the best control on both inventories and payables.

CCompany A has the shortest working capital cycle and the best control on inventories.

DCompany B has the shortest working capital cycle and the best control on payables and receivables.

Question No: 10

MultipleChoice

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

What does this definition describe?

Options

AInternal audit

BPreparation of financial statements

CExternal audit

DReconciliation process

Question No: 11

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'?

Options

AGoing concern

BPrudence

CFair presentation

DCompleteness

Question No: 12

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: 13

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: 14

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

Question No: 15

CorrectText

The balances of the trial balance of CDE for the year ended 31 May 20X4 is as follows

What must the balance on the share capital account be at 31 May 20X4 if the trial balance is to balance? Give your answer in $'000

Free CIMAPRA17-BA3-1 Exam Dumps July 2026