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CIMA BA3 - Fundamentals of Financial Accounting BA3 - Fundamentals of Financial Accounting Dumps in PDF

Free CIMA BA3 - Fundamentals of Financial Accounting Real Questions (page: 3)

Page 3 of 80 BA3 - Fundamentals of Financial Accounting PDF — 393 Questions

QUESTION: 11

CORRECT TEXT

GG has the following statement of profit or loss extract for the year ended 31 December 20X3

What is the interest cover for GG for the year ended 31 December 20X3?

8 times
0 times.
5 times
5 times

Answer(s): B

Reveal Solution Next Question

QUESTION: 12

AB sold a machine for $15,000 The machine had originally cost $160,000 and al the dale of disposal had a carrying value of $26,000.

The journal entry lo record this disposal is:

A)

B)

C)

D)

Option A
Option B
Option C
Option D

Answer(s): A

Reveal Solution Next Question

QUESTION: 13

Different users have different needs from financial information. One of which is to assess how effectively management is performing and how much profit will be available to be distributed.

Which of the following users will have this need for information?

Managers
Suppliers
Lenders
Shareholders

Answer(s): D

Reveal Solution Next Question

QUESTION: 14

CORRECT TEXT
A company has profit before tax and dividends of $500000. The share capital consists of 1000000 ordinary shares of $1 each and 100000 10% preference shares of 50p each.

A 10p dividend was declared on ordinary shares.

Assuming there was no tax liability for the period, profit retained for the period was

See Explanation section for answer.

Answer(s): A

Explanation:

CORRECT TEXT IS: $395001

Reveal Solution Next Question

QUESTION: 15

CORRECT TEXT

BCD has the following balances for the year ended 31 December 20X8:

What is the trade payables balance of BCD at 31 December 20X8? Give your answer to the nearest $"000.

See Explanation section for answer.

Answer(s): A

Explanation:

CORRECT TEXT IS: $380

Reveal Solution Next Question

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