Special Summer Sale Limited Time 65% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: get65

CIMA Updated BA3 Exam Questions and Answers by jennifer

Page: 5 / 14

CIMA BA3 Exam Overview :

Exam Name: Fundamentals of financial accounting
Exam Code: BA3 Dumps
Vendor: CIMA Certification: CIMA Certificate
Questions: 393 Q&A's Shared By: jennifer
Question 20

Which of the following best explains what is meant by "capital expenditure"?

Options:

A.

Expenditure on the improvement and maintenance of non-current assets

B.

Expenditure incurred in the raising of capital

C.

Expenditure on the acquisition of non-current assets

D.

Depreciation charges on non-current assets

Discussion
Hendrix
Great website with Great Exam Dumps. Just passed my exam today.
Luka Aug 31, 2024
Absolutely. Cramkey Dumps only provides the latest and most updated exam questions and answers.
Anaya
I found so many of the same questions on the real exam that I had already seen in the Cramkey Dumps. Thank you so much for making exam so easy for me. I passed it successfully!!!
Nina Oct 14, 2024
It's true! I felt so much more confident going into the exam because I had already seen and understood the questions.
Anya
I must say they're considered the best dumps available and the questions are very similar to what you'll see in the actual exam. Recommended!!!
Cassius Nov 2, 2024
Yes, they offer a 100% success guarantee. And many students who have used them have reported passing their exams with flying colors.
Ella-Rose
Amazing website with excellent Dumps. I passed my exam and secured excellent marks!!!
Alisha Aug 17, 2024
Extremely accurate. They constantly update their materials with the latest exam questions and answers, so you can be confident that what you're studying is up-to-date.
Question 21

On 1 January 2001, a company owed a supplier £840.

During the month of January the company purchased goods for £1400 and returned goods valued at £200. A payment of £200 was made towards the outstanding balance. The supplier offered a discount of 5% on purchases.

The balance on the supplier's account at the end of the period is:

Options:

A.

£100 credit

B.

£1780 credit

C.

£1780 debit

D.

£100 debit

Discussion
Question 22

Refer to the Exhibit.

Questions 22

A company operates a FIFO system of inventory valuation. Opening inventory at the beginning of the period was 200 units @ £2.80 each. During the period the following movements of inventory were recorded.

The value of the closing inventory at the end of the period and amount charged to the income statement were:

Options:

A.

Closing inventory £360.00 Income statement £2255.00

B.

Closing inventory £360.00 Income statement £1895.00

C.

Closing inventory £357.50 Income statement £1897.50

D.

Closing inventory £360.00 Income statement £1695.00

Discussion
Question 23

The trial balance shows the debit total as $200 less than the credit total.

This could be due to:

Options:

A.

Entering $100 received from a customer on the debit side of the trade receivable's account

B.

Entering $100 received from a customer on the credit side of the trade receivable's account

C.

Under casting the sales daybook by $200

D.

Under casting the purchases daybook by $200

Discussion
Page: 5 / 14

BA3
PDF

$69.65  $199

BA3 Testing Engine

$78.75  $225

BA3 PDF + Testing Engine

$87.15  $249