Most Recent CIMAPRA17-BA3-1 Exam Dumps

Prepare for the CIMA BA3 - Fundamentals of Financial Accounting exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the CIMAPRA17-BA3-1 exam and achieve success.

The questions for CIMAPRA17-BA3-1 were last updated on Apr 21, 2026.

Viewing page 1 out of 79 pages.
Viewing questions 1-5 out of 393 questions

Get All 393 Questions & Answers

Question No. 1

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?

A17,600 profit

B6,700 loss

C17,600 loss

D6,700 profit

E31,000 profit

Show Answer

Correct Answer: A

Question No. 2

Which of the following would not require an adjustment to be made to the cashbook?

ABank charges

BDirect debits

CUnpresented cheques

DA dishonored cheque

Show Answer

Correct Answer: C

Question No. 3

Refer to the Exhibit.

Berber Limited is preparing its year-end accounts and is reviewing the method used to estimate the allowance for receivables.

An aged receivables schedule shows the following position:

The company believes that the previous percentages used were not prudent enough and it has decided to increase the percentages on 2-3 months debt to 10% and on 3 months plus debt to 50%. The current allowance for receivables is $1,500.

What would be the effect on the income statement of the change in accounting policy

AReduction in profit of $1,080

BReduction in profit of $900

CReduction in profit of $2,580

DIncrease in profit of $1,080

Show Answer

Correct Answer: B

Question No. 4

A trial balance should be extracted from the ledger accounts prior to preparing the final accounts because:

AIt confirms the arithmetical accuracy of the entries made in the ledger accounts

BIt proves that the entries made in the ledger accounts are all correct

CIt provides a summary of assets and liabilities

DIt shows where errors have been made

Show Answer

Correct Answer: A

Question No. 5

Which of the following would require an adjustment to be made to the cash book?

(a) Unpresented cheques

(b) Receipts not yet credited by the bank

(d) Bank charges

A(a) and (b) only

B(b) and (c) only

C(c) and (d) only

D(d) only

Show Answer

Correct Answer: C

Unlock All Questions for CIMA CIMAPRA17-BA3-1 Exam

Full Exam Access, Actual Exam Questions, Validated Answers, Anytime Anywhere, No Download Limits, No Practice Limits

Get All 393 Questions & Answers