CIMA BA3 - Fundamentals of Financial Accounting CIMAPRA17-BA3-1 Exam Questions in PDF

Free CIMA CIMAPRA17-BA3-1 Dumps Questions (page: 12)

Refer to the Exhibit.



Soffit plc is calculating its irrecoverable debt charge and allowance for receivables for inclusion in its year-end accounts. Based on an aged receivables schedule, it is estimated that an allowance for receivables of $125,820 is required.

In addition, a specific allowance for receivables of $18,640 is also required for two customers who are experiencing cash flow difficulties. There are also two customers who have gone into receivership while owing the company $6,300. The current allowance for receivables is $156,000.

Which is the correct entry to be made to the accounts to record these transactions?

  1. A
  2. B
  3. C
  4. D

Answer(s): B



The financial statements are produced in accordance with relevant accounting standards. This compliance ensures the requirement of fair presentation of transactions and events is met

How is this compliance emphasized?

  1. Reconciliation procedures
  2. Employment of qualified employees
  3. Specific disclosure
  4. Regular preparation of financial statements

Answer(s): C



A non-current asset was purchased for $240000 at the beginning of Year 1, with an expected life of 7 years and a residual value of $50000. It was depreciated by 20% per annum using the reducing balance method.

At the beginning of Year 4 it was sold for $100000. The result of this was:

  1. A loss on disposal of $2720
  2. A loss on disposal of $22880
  3. A profit on disposal of $50000
  4. A profit on disposal of $58571

Answer(s): B



Which of the following would result in an increase in the cash balance for the period?

(a) A reduction in inventory

(b) A reduction in receivables

(c) A reduction in payables

(d) A gain on disposal of non-current assets

  1. (a) and (b) only
  2. (b) and (c) only
  3. (c) and (d) only
  4. (a), (b) and (c) only

Answer(s): A



Refer to the Exhibit.



A sole trader, who only has cash sales, banks all cash receipts above the agreed petty cash float of $400.

During week 2 he has the following transactions:

What is the amount banked at the end of week 2?

  1. $25
  2. $225
  3. $425
  4. $625

Answer(s): C



Share your comments for CIMA CIMAPRA17-BA3-1 exam with other users:

P
Prem Yadav
7/29/2023 6:20:00 AM

pleaseee upload

A
Ahmed Hashi
7/6/2023 5:40:00 PM

thanks ly so i have information cia

M
mansi
5/31/2023 7:58:00 AM

hello team, i need sap qm dumps for practice

J
Jamil aljamil
12/4/2023 4:47:00 AM

it’s good but not senatios based

C
Cath
10/10/2023 10:19:00 AM

q.119 - the correct answer is b - they are not captured in an update set as theyre data.

P
P
1/6/2024 11:22:00 AM

good matter

S
surya
7/30/2023 2:02:00 PM

please upload c_sacp_2308

S
Sasuke
7/11/2023 10:30:00 PM

please upload the dump. thanks very much !!

V
V
7/4/2023 8:57:00 AM

good questions

T
TTB
8/22/2023 5:30:00 AM

hi, could you please update the latest dump version

T
T
7/28/2023 9:06:00 PM

this question is keep repeat : you are developing a sales application that will contain several azure cloud services and handle different components of a transaction. different cloud services will process customer orders, billing, payment, inventory, and shipping. you need to recommend a solution to enable the cloud services to asynchronously communicate transaction information by using xml messages. what should you include in the recommendation?

G
Gurgaon
9/28/2023 4:35:00 AM

great questions

W
wasif
10/11/2023 2:22:00 AM

its realy good

S
Shubhra Rathi
8/26/2023 1:12:00 PM

oracle 1z0-1059-22 dumps

L
Leo
7/29/2023 8:48:00 AM

please share me the pdf..

A
AbedRabbou Alaqabna
12/18/2023 3:10:00 AM

q50: which two functions can be used by an end user when pivoting an interactive report? the correct answer is a, c because we do not have rank in the function pivoting you can check in the apex app

R
Rohan Limaye
12/30/2023 8:52:00 AM

best to practice

A
Aparajeeta
10/13/2023 2:42:00 PM

so far it is good

V
Vgf
7/20/2023 3:59:00 PM

please provide me the dump

D
Deno
10/25/2023 1:14:00 AM

i failed the cisa exam today. but i have found all the questions that were on the exam to be on this site.

C
CiscoStudent
11/15/2023 5:29:00 AM

in question 272 the right answer states that an autonomous acces point is "configured and managed by the wlc" but this is not what i have learned in my ccna course. is this a mistake? i understand that lightweight aps are managed by wlc while autonomous work as standalones on the wlan.

P
pankaj
9/28/2023 4:36:00 AM

it was helpful

U
User123
10/8/2023 9:59:00 AM

good question

V
vinay
9/4/2023 10:23:00 AM

really nice

U
Usman
8/28/2023 10:07:00 AM

please i need dumps for isc2 cybersecuity

Q
Q44
7/30/2023 11:50:00 AM

ans is coldline i think

A
Anuj
12/21/2023 1:30:00 PM

very helpful

G
Giri
9/13/2023 10:31:00 PM

can you please provide dumps so that it helps me more

A
Aaron
2/8/2023 12:10:00 AM

thank you for providing me with the updated question and answers. this version has all the questions from the exam. i just saw them in my exam this morning. i passed my exam today.

S
Sarwar
12/21/2023 4:54:00 PM

how i can see exam questions?

C
Chengchaone
9/11/2023 10:22:00 AM

can you please upload please?

M
Mouli
9/2/2023 7:02:00 AM

question 75: option c is correct answer

J
JugHead
9/27/2023 2:40:00 PM

please add this exam

S
sushant
6/28/2023 4:38:00 AM

please upoad

AI Tutor 👋 I’m here to help!