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Valid CIMA BA3 Practice Questions

We are working solely for the enhancement of results of IT candidates who find their exam difficult. Our experts have assembled BA3 questions and answers by putting their experience in use. It is guaranteed if you memorize all the series of questions you are not going to face any unfortunate results. Students are lucky to have such concise and comprehensible study guide for their preparation and assuring in advance. Even before downloading actual BA3 Dumps PDF you can download free demo questions available at realexamdumps.com.

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Valid CIMA BA3 Practice Questions

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  1. EXAM CIMA BA3 Fundamentals of Financial Accounting https://www.realexamdumps.com/cima/ba3-practice-test.html

  2. Exam overview The main objective of this subject is to obtain a practical understanding of financial accounting and the process behind the preparation of financial statements for single entities. These statements are prepared within a conceptual and regulatory framework requiring an understanding of the role of legislation and of accounting standards. The need to understand and apply necessary controls for accounting systems, and the nature of errors is also covered. There is an introduction to measuring financial performance with the calculation of basic ratios

  3. Summary of syllabus Each subject is divided into a number of broad syllabus topics. A percentage weighting is shown against each syllabus topic and is intended as a guide to the proportion of study time each topic requires. It is essential that all topics in the syllabus are studied, as all topics will be examined.

  4. Assessment • Format: computer based • Availability: on demand at any of the 5,500 Pearson VUE centers around the world • Length: 2 hours • Questions: BA1, BA2 and BA3 each contain 60 objective test questions, while BA4 contains 85 objective test questions. • Marking: computer marked • Results: provisional result available immediately followed by confirmation no more than 48 hours later

  5. Sample Questions Question No.1: 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? A. Returns inwards daybook B. Sales daybook C. journal D. Cash book E. Petty cash book ANSWER : C

  6. Question No.2: Which ONE of the following does the Statement of Cash Flows show: A. The assets, equity and liabilities of a business B. The revenue and expenses of a business over a period of time C. The cash usage of a business over a period of time D. Notes to go with the statements that explain the practices used ANSWER : C

  7. Question No.3: Company P are looking to create a balance sheet. Which of the following should be included in this document? A. Company P's current assets B. Company P's revenue for the period C. Company P's cash usage for the period D. Company P's liabilities E. Company P's investing activities ANSWER : A,D

  8. Question No.4: An accountant is taking on financial accounting responsibilities for company PQ. Which TWO of the following are NOT true of financial accounting? A. It's purpose is to provide financial information to an external source B. It's purpose is to provide information for internal use C. Performed without adherence to standard accounting rules D. Performed in accordance with legal requirements ANSWER : B,C

  9. Question No.5: Entity HJ is a small business. In the period. Entity Hj earned revenue of £24,300, had opening inventories of £1,500 and closing inventories of £8,000. Purchases came to £13,200. What was Entity Hj's gross profit or loss for this period? A. £17,600 profit B. £6,700 loss C. £17,600 loss D. £6,700 profit E. £31,000 profit ANSWER : A

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