Summer Special Limited Time 60% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: big60

CIMA Updated BA3 Exam Questions and Answers by kaylan

Page: 11 / 14

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: kaylan
Question 44

Refer to the Exhibit.

Questions 44

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?

Options:

A.

A

B.

B

C.

C

D.

D

Discussion
Question 45

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.

Options:

A.

Net realisable value concept

B.

Realisation concept

C.

Prudence concept

D.

Going concern concept

Discussion
Annabel
I recently used them for my exam and I passed it with excellent score. I am impressed.
Amirah Jul 7, 2025
I passed too. The questions I saw in the actual exam were exactly the same as the ones in the Cramkey Dumps. I was able to answer the questions confidently because I had already seen and studied them.
Joey
I highly recommend Cramkey Dumps to anyone preparing for the certification exam. They have all the key information you need and the questions are very similar to what you'll see on the actual exam.
Dexter Jul 6, 2025
Agreed. It's definitely worth checking out if you're looking for a comprehensive and reliable study resource.
Carson
Yeah, definitely. I would definitely recommend Cramkey Dumps to anyone who is preparing for an exam.
Rufus Jul 15, 2025
Me too. They're a lifesaver!
Kylo
What makes Cramkey Dumps so reliable? Please guide.
Sami Jul 24, 2025
Well, for starters, they have a team of experts who are constantly updating their material to reflect the latest changes in the industry. Plus, they have a huge database of questions and answers, which makes it easy to study and prepare for the exam.
Question 46

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:

Options:

A.

$16,000 profit

B.

$16,000 loss

C.

$8,000 profit

D.

$8,000 loss

Discussion
Question 47

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:

Options:

A.

$2,408.44 debit

B.

$2,408.44 credit

C.

$2,791.25 debit

D.

$2,791.25 credit

Discussion
Page: 11 / 14

BA3
PDF

$79.6  $199

BA3 Testing Engine

$90  $225

BA3 PDF + Testing Engine

$99.6  $249