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CIMA Updated BA3 Exam Questions and Answers by aysha

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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: aysha
Question 16

Which of the following would be a good method of segregating the duties of staff?

Options:

A.

Employing separate persons to maintain the sales and purchase ledgers

B.

Employing a wages specialist to calculate and deal with the payment of wages

C.

Employing an experienced cashier to deal with all bank transactions

D.

Employing a separate person to maintain and reconcile control accounts

Discussion
Question 17

Which THREE of the below are possible reasons for an entity's capital amount to change?

Options:

A.

New or withdrawn capital

B.

Drawings

C.

Depreciation of non-current assets

D.

Net profit/loss

Discussion
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Question 18

An accounting system should provide an audit trail for all its transactions

Which of the following describes an audit trail?

Options:

A.

Provision of a complete history of any given financial transaction

B.

A timetable of deadlines of the audit

C.

A review of the audit process completed

D.

The planned audit process

Discussion
Question 19

The financial accounts, as prepared by the directors of a company, are required to show a 'true and fair view'. This means that:

Options:

A.

The accounts are accurate

B.

The accounts are prepared in accordance with the Companies Act and comply with relevant reporting standards

C.

The accounts contain no fraudulent transactions

D.

No errors were detected during the audit of the accounts

Discussion
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