| Exam Name: | Fundamentals of financial accounting | ||
| Exam Code: | BA3 Dumps | ||
| Vendor: | CIMA | Certification: | CIMA Certificate |
| Questions: | 393 Q&A's | Shared By: | kaylan |
Refer to the Exhibit.
A business banks its takings for the week. The bank account at the start of the week shows an overdraft
Which of the following is the dual effect?
The accounting concept which states that non-current assets should be valued at cost (or valuation) less accumulated depreciation, rather than their saleable value in the event of closure, is the.
A trader commenced business with capital of $20,000. At the end of the financial year he had receivables of $10,000, payables of $6,000, inventory of $12,000, cash of $4,000 and non-current assets costing $16,000.
The profit/loss for the period was:
A company which is VAT registered, has sales for the period of $28,450 (excluding VAT) and purchases (including VAT) for the period of $14,687.50.
The balance on the VAT account, assuming all items are subject to VAT at 17.5%, is:
TESTED 02 Jul 2026
