Pass the CIMA Certificate BA3 Questions and answers with ExamsMirror

In a cash flow statement, which one of the following would not be found under the section "cash flows from financing activities"?

Which THREE of the following would be recorded as a debit balance in the trial balance?

The concept of stewardship refers to which ONE of the following?

Refer to the Exhibit.

At the beginning of the month, an organization had opening inventory of 30 units of a product, valued at £3.00 each. During the month, it had inventory movements, occurring on the following dates:

Using the FIFO method of inventory valuation, the closing inventory at the end of the month was:

Give your answer to 2 decimal places.

Store Y believe customer XF will not be able to pay his £300 debt. Which ONE of the following day books should this 'bad debt' be recorded in?

Refer to the exhibit.

A company has the following equity balances at the beginning of the year

During the year the company made a bonus issue of 1 for 4 shares

What are the equity balances after this issue?

A company's financial statements show a gross profit of $15 million. A major error in the inventory value system has been discovered resulting in an overstatement on opening inventory of $1.2 million and an understatement in closing inventory of $1.5 million.

What is the correct gross profit figure for the period?

The reducing balance method of depreciating fixed assets is more appropriate than the straight line method when:

The valuation of inventory in a manufacturing company will consist of:

AB wrote off a $500 debt owed by CD last year During the current year CD has paid the $500 in full AB has debited the bank account with S500.

Where would the credit entry for this receipt be recorded?