| Exam Name: | Fundamentals of financial accounting | ||
| Exam Code: | BA3 Dumps | ||
| Vendor: | CIMA | Certification: | CIMA Certificate |
| Questions: | 393 Q&A's | Shared By: | atlas |
A company has receivables of $60,000, which represents 60 payables days, and payables of $45,000, which represents 45 payables days.
What would be the effect on cash, if receivable days and payables days were reduced to 55 days and 40 days respectively?
Accounting standards are used to produce the financial statements of all business entities.
Which ONE of the following best describes why accounting standards are needed?
HJK has maintained minimal accounting records during the year but has the following information available:
HJK charges a mark-up on all goods sold of 25%. What is HJK's gross profit for the year?
GH has the following transactions for the week of January 20X8:
GH is not registered for sales tax
What is the total of the sales day book for this week? Give your answer to the nearest whole number:
TESTED 17 Mar 2026
