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CIMAPRA17-BA3-1 Exam

Certification Provider: CIMA
Exam Name: BA3 - Fundamentals of Financial Accounting
Number of questions in our database: 393
Exam Version: Apr. 11, 2024
CIMAPRA17-BA3-1 Exam Official Topics:
  • Topic 1: Single Topic
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Free CIMA CIMAPRA17-BA3-1 Exam Actual Questions

The questions for CIMAPRA17-BA3-1 were last updated On Apr. 11, 2024

Question #1

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 #2

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 #3

VWX is registered for sales tax in Country B A sales invoice to its mam customer shows the following information:

What journal entry will WVX process to record this transaction in its nominal ledger?

A)

B)

C)

D)

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Correct Answer: B

Question #4

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 #5

In accordance with IAS 7 Statements of Cash Flow, which TWO of the following are cash flows presented as investing activities?

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Correct Answer: A, E


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