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CIMA BA3 - Fundamentals of Financial Accounting BA3 - Fundamentals of Financial Accounting Exam Questions in PDF

Free CIMA BA3 - Fundamentals of Financial Accounting Dumps Questions (page: 10)

Page 10 of 80 BA3 - Fundamentals of Financial Accounting PDF — 393 Questions

QUESTION: 46

Which ONE of the following is a possible explanation for a debit balance on the purchase ledger account of a supplier?

(i) An invoice has been posted twice

(ii) A credit note has been posted twice

(iii) A payment has been recorded against the wrong supplier account

(iv) A payment has been posted twice

(v) A contra was posted to the supplier account but not the customer account
(vi) Goods returned had been posted to the wrong supplier account

(i) and (ii) only
(iii) and (iv) only
(i), (ii) and (iv) only
(ii), (iii) and (iv) only
(i), (ii) and (v) only
(iii), (iv) and (vi) only

Answer(s): D

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QUESTION: 47

Accounting standards are needed so that financial statements will fairly and consistently describe financial performance.

What are accounting standards an example of?

Principles based accounting
Cash accounting
Cost accounting
Rules based accounting

Answer(s): D

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QUESTION: 48

Which ONE of the following does the Statement of Cash Flows show:

The assets, equity and liabilities of a business
The revenue and expenses of a business over a period of time
The cash usage of a business over a period of time
Notes to go with the statements that explain the practices used

Answer(s): C

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QUESTION: 49

An invoice to Sammy has been entered in the sales day book as $85 instead of $58.

To correct the position, which of the following procedures should be adopted?

Debit Receivables $27, Credit Sales $27 and increase the balance owing by Sammy
Debit Receivables $27, Credit Sales $27 and decrease the balance owing by Sammy
Debit Sales $27, Credit Receivables $27 and increase the balance owing by Sammy
Debit Sales $27, Credit Receivables $27 and decrease the balance owing by Sammy

Answer(s): D

Reveal Solution Next Question

QUESTION: 50

Under the normal convention of accounting, assets are shown in the balance sheet at:

Their current market value
Their cost value
The current cost to the firm of replacing them
Their economic value to the firm

Answer(s): B

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Rasha

6/29/2023 8:23:00 PM

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Anonymous

7/25/2023 8:05:00 AM

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peter parker

8/10/2023 10:59:00 AM

the exam is listed as 80 questions with a pass mark of 70%, how is your 50 questions related?

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7/13/2023 7:29:00 AM

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nspk

1/19/2024 12:53:00 AM

q 44. ans:- b (goto setup > order settings > select enable optional price books for orders) reference link --> https://resources.docs.salesforce.com/latest/latest/en-us/sfdc/pdf/sfom_impl_b2b_b2b2c.pdf(decide whether you want to enable the optional price books feature. if so, select enable optional price books for orders. you can use orders in salesforce while managing price books in an external platform. if you’re using d2c commerce, you must select enable optional price books for orders.)

M

Muhammad Rawish Siddiqui

12/2/2023 5:28:00 AM

"cost of replacing data if it were lost" is also correct.

A

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7/14/2023 3:17:00 AM

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7/10/2023 4:14:00 PM

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ethiopia

8/2/2023 2:18:00 AM

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whoAreWeReally

12/19/2023 8:29:00 PM

took the test last week, i did have about 15 - 20 word for word from this site on the test. (only was able to cram 600 of the questions from this site so maybe more were there i didnt review) had 4 labs, bgp, lacp, vrf with tunnels and actually had to skip a lab due to time. lots of automation syntax questions.

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vs

9/2/2023 12:19:00 PM

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11/14/2023 11:02:00 AM

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11/21/2023 2:27:00 PM

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Edward

9/13/2023 5:27:00 PM

question #50 and question #81 are exactly the same questions, azure site recovery provides________for virtual machines. the first says that it is fault tolerance is the answer and second says disater recovery. from my research, it says it should be disaster recovery. can anybody explain to me why? thank you

M

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CW

7/11/2023 3:19:00 PM

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11/9/2023 8:53:00 AM

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