CIMA Exam CIMAPRA19-F01-1 Topic 2 Question 108 Discussion

Actual exam question for CIMA's CIMAPRA19-F01-1 exam

Question #: 108
Topic #: 2

[All CIMAPRA19-F01-1 Questions]

From the list below identify the item that appears in the statement of financial position.

AThe amount of interest charged on loans during the year.

BThe amount of loans outstanding at the year end.

CThe amount of loans repaid during the year.

DThe amount of interest actually paid during the year.

Show Suggested Answer

Suggested Answer: C

by Malissa at Mar 05, 2025, 08:04 PM

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11 days ago

I agree with both of you. The amount of loans outstanding at the year end is a balance sheet item that reflects the company's liabilities.

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15 days ago

I think it's B too, because the statement of financial position shows the financial position of a company at a specific point in time.

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16 days ago

B) The amount of loans outstanding at the year end.

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