CIMAPRA17-BA3-1 Exam - Topic 3 Question 123 Discussion

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

Question #: 123
Topic #: 3

[All CIMAPRA17-BA3-1 Questions]

The accumulated fund is equal to:

AThe book value of net assets in a not-for-profit organization

BThe bank balances of an organization

CThe excess of receipts over payments in a not-for-profit organization

DRetained profits in a limited company

Show Suggested Answer

Suggested Answer: A

by Bernardine at Apr 03, 2026, 06:07 AM

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18 days ago

I thought it was just the book value of net assets.

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23 days ago

It's definitely the excess of receipts over payments!

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1 month ago

I definitely recall that retained profits are specific to limited companies, so I think D can be ruled out.

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2 months ago

I’m confused between A and C. I feel like both could be correct in different contexts.

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2 months ago

I remember a practice question that talked about net assets in not-for-profits, so I’m leaning towards option A.

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2 months ago

I think the accumulated fund might be related to the excess of receipts over payments, but I'm not entirely sure.

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