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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: 6)

Page 6 of 80 BA3 - Fundamentals of Financial Accounting PDF — 393 Questions

QUESTION: 26

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?

A
B
C
D

Answer(s): C

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QUESTION: 27

"To assure shareholders that the stewardship of the organization was effectively carried out."

What does this definition describe?

Internal audit
Preparation of financial statements
External audit
Reconciliation process

Answer(s): C

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QUESTION: 28

Refer to the Exhibit.

Transactions are often categorized between capital and revenue

Which of the following combinations are correct?

A
B
C
D

Answer(s): B

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QUESTION: 29

The record of how the profit or loss of a company has been allocated to distributions and reserves is found in the:

Reserves account
Appropriation account
Capital account
Retained profit account

Answer(s): B

Reveal Solution Next Question

QUESTION: 30

Company X is a private limited oil company. Which of the following are relevant for Company X's integrated report?

Risk of oil prices falling
Risk of share prices falling
Risk posed by competing oil companies and sustainable energy sources
Need for report to be concise

Answer(s): A,C,D

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