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CIMAPRA17-BA3-1 Exam

Exam Name: BA3 - Fundamentals of Financial Accounting
Exam Code: CIMAPRA17-BA3-1
Related Certification(s): CIMA Certificate in Business Accounting Certification
Certification Provider: CIMA
Number of CIMAPRA17-BA3-1 practice questions in our database: 393 (updated: May. 06, 2024)
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Free CIMA CIMAPRA17-BA3-1 Exam Actual Questions

Note: Premium Questions for CIMAPRA17-BA3-1 were last updated On May. 06, 2024 (see below)

Question #1

In the year ended 31 December 20X1, XYZ receives an email confirming that a major customer has gone into liquidation and will be unable to pay its suppliers.

Which of the following is the impact of adjusting for this event?

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Correct Answer: D

Question #2

In relation to accounting coding systems in the computerized records of an entity, which of the following is true?

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Correct Answer: A

Question #3

GH operates an imprest system for petty cash, maintaining a float of $250 The following petty cash book extract is available for a week in March 20X6:

How much does GH need to transfer from the bank account at the end of this week In order to maintain the imprest system?

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Correct Answer: A

Question #4

Which of the following would meet the definition of a liability in accordance with the Conceptual Framework's definition?

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Correct Answer: B

Question #5

GH operates an imprest system for petty cash, maintaining a float of $250 The following petty cash book extract is available for a week in March 20X6:

How much does GH need to transfer from the bank account at the end of this week In order to maintain the imprest system?

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Correct Answer: A


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