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CIMA Updated BA3 Exam Questions and Answers by ray

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CIMA BA3 Exam Overview :

Exam Name: Fundamentals of Financial Accounting
Exam Code: BA3 Dumps
Vendor: CIMA Certification: CIMA Certificate
Questions: 393 Q&A's Shared By: ray
Question 12

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

Questions 12

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

A)

Questions 12

B)

Questions 12

C)

Questions 12

D)

Questions 12

Options:

A.

Option A

B.

Option B

C.

Option C

D.

Option D

Discussion
Question 13

Which of the following is the final document in the audit trail?

Options:

A.

Receipt

B.

Purchase order

C.

Invoice

D.

Credit note

Discussion
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Question 14

Which TWO of the following statements are correct?

Options:

A.

Ordinary shares carry compulsory dividends

B.

Ordinary shares carry voting rights

C.

Preference shares carry voting rights

D.

Preference shares are the lowest priority when winding up

E.

Preference shares usually carry a fixed dividend

Discussion
Question 15

Principles based accounting uses a conceptual basis to provide guidelines for preparing financial statements.

Which ONE of the following is an example of this approach?

Options:

A.

Company law

B.

Tax legislation

C.

Stock exchange regulations

D.

The Framework

Discussion
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