Pass the CIMA Certificate BA3 Questions and answers with ExamsMirror

Which one of the following statements is true?

Financial statements should present fairly the financial position, financial performance and cash flows of an entity. In virtually all circumstances, a fair presentation is achieved by..........

Which of the following?

Refer to the exhibit.

A company has the following transactions for the month of April:

Closing inventory at the end of the period was $26,000 and gross profit was $90,000. The opening inventory was therefore:

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

Different users have different needs from financial information. One of which is to know about the company's ability pay its debts

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

Refer to the Exhibit.

Which of the following items should be included in the valuation of inventory in a manufacturing company?

Refer to the exhibit.

The following information is available for a company:

The company has declared an ordinary dividend of $0.05 per share.

What is the total dividend payment to be made by the company?

Which THREE of the following represent credit balances?

LMN's totals for its sales day book and its cash receipts book for the month ended 31 January 20X6 are as follows

What is the total value for sales that LMN will post to the sales account in the nominal ledger for January 20X6?

Published accounts must include the following statements: