Cima exams4sure pass Ba3 Exam Guide by Rudi q393 vce pdf

Page: 10 / 14

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

Question 40

M Ltd owns property costing $80,000 ($50,000 for the land and $30,000 for the building).

The company's accounting policy is to depreciate buildings at the rate of 5% per annum on the straight-line basis.

After five years, what is the net book value of freehold land and building in the financial accounts of M Ltd?

Options:

$87,500

$72,500

$60,000

$78,500

Discussion

Billy

It was like deja vu! I was confident going into the exam because I had already seen those questions before.

Vincent Aug 15, 2024

Definitely. And the best part is, I passed! I feel like all that hard work and preparation paid off. Cramkey is the best resource for all students!!!

Honey

I highly recommend it. They made a big difference for me and I'm sure they'll help you too. Just make sure to use them wisely and not solely rely on them. They should be used as a supplement to your regular studies.

Antoni Oct 25, 2024

Good point. Thanks for the advice. I'll definitely keep that in mind.

Ivan

I tried these dumps for my recent certification exam and I found it pretty helpful.

Elis Sep 17, 2024

Agree!!! The questions in the dumps were quite similar to what came up in the actual exam. It gave me a good idea of the types of questions to expect and helped me revise efficiently.

Faye

Yayyyy. I passed my exam. I think all students give these dumps a try.

Emmeline Sep 12, 2024

Definitely! I have no doubt new students will find them to be just as helpful as I did.

Cody

I used Cramkey Dumps to prepare and a lot of the questions on the exam were exactly what I found in their study materials.

Eric Sep 13, 2024

Really? That's great to hear! I used Cramkey Dumps too and I had the same experience. The questions were almost identical.

Question 41

Which one of the following best describes the stewardship function?

Options:

Maximizing profits

Ensuring the recording, controlling and safeguarding of assets

Managing cash

Carrying out an external audit

Discussion

Question 42

XYZ's computerized accounting system automatically updates the non-current asset register when additions to property, plant and equipment are made A machine costing $120,000, with a useful life of five years and an estimated residual value of $12,000 is acquired at the year end.

Which of the following statements is correct in relation to the recording of this asset in the non-current asset register?

Options:

The journal entry to record the cost is Dr Asset $120,000 and Cr Bank $120,000 The five year useful life is recorded

There is no journal entry but the cost of $120,000, the five year useful life and estimated residual value of $12 000 are recorded

There is no journal entry but the cost of $120,000 and the five year useful life are recorded

The journal entry to record the cost is Dr Asset $120,000 and Cr Bank $120,000 The five year useful life and estimated residual value of $12,000 are recorded

Discussion

Question 43

The accumulated fund is equal to:

Options:

The book value of net assets in a not-for-profit organization

The bank balances of an organization

The excess of receipts over payments in a not-for-profit organization

Retained profits in a limited company

Discussion

Page: 10 / 14

Title

Questions