Pass the CIMA Certificate BA3 Questions and answers with ExamsMirror

Which ONE of the following do solvency ratios measure:

Which one of the following is an error of original entry?

Andrew is valuing the closing inventory at the lower of cost and net realizable value.

Which of the following concepts dictates his choice?

Internal controls can be split between detect controls and prevent controls.

Which THREE of the following are prevent controls?

The phrase 'net book value', when applied to the statement of financial position figure for non-current assets, indicates that the figure represents:

A club receives subscriptions during 2006 of £4600. Of these £500 related to subscriptions in respect of 2005 and £400 related to subscriptions in advance for 2007.

The accounts for 2005 included an accrual of £600 for subscriptions in arrears; the balance of £100 which has still not been received, should be written off.

The figure for subscriptions in the income and expenditure account for 2006 will be

A decrease in the allowances for receivables would result in:

Refer to the Exhibit.

You have been asked to prepare the sales ledger control account for the month of May, using the following information:

According to the accounts the opening receivables balance was £ 66,250

What is the closing receivables balance as at the end of May?

A company's payables days has reduced from 60 days to 55 days.

Which of the following could be a possible explanation for this?

There are four separate but related bodies which control the setting of International accounting standards (IFRS’s).

Which THREE of the following are included in the standard setting process?