Latest CIMAPRA17-BA3-1-ENG Practice Tests with Actual Questions

Get Complete pool of questions with Premium PDF and Test Engine

Exam Code : CIMAPRA17-BA3-1-ENG
Exam Name : BA3 - Fundamentals of Financial Accounting
Vendor Name :
"CIMA"

Download Full Version of CIMAPRA17-BA3-1-ENG

---

CIMAPRA17-BA3-1-ENG Dumps

CIMAPRA17-BA3-1-ENG Braindumps CIMAPRA17-BA3-1-ENG Real Questions CIMAPRA17-BA3-1-ENG Practice Test CIMAPRA17-BA3-1-ENG Actual Questions

killexams.com

CIMA

CIMAPRA17-BA3-1-ENG

BA3 - Fundamentals of Financial Accounting

https://killexams.com/pass4sure/exam-detail/CIMAPRA17-BA3-1-ENG

Question: 74

The valuation of inventory in a manufacturing company will consist of: A . Direct material and direct labor only

B . Direct material, direct labor and direct expenses only C . All direct costs plus a share of production overheads

D . All direct costs plus a share of production and non-production overheads

Answer: C

Question: 75

Which one of the following book-keeping errors does not affect the view given by the financial accounts? A . An error of omission

B . An error of commission C . An error of principle

D . An error of original entry

Answer: B

Question: 76

IAS 2 Inventories does not permit the use of the last in. first out (LIFO) method of valuing inventory In a time of rising prices, which of the following is a reason for this?

A . Purchases are overstated

B . Closing inventory is understated. C . Cost of sales are understated

D . Gross profit is overstated

Answer: B

Question: 77

5 times

Answer: B
Question: 78 Refer to the Exhibit.

John, an employee of Kelt Ltd, earns gross wages for a week of £425.76.

Income tax is deducted at a rate of 25% on all earnings in excess of £85.00 per week and he is also liable to pay National Insurance contributions of 9% of his total earnings. Employers national insurance contributions are at a rate of 10.5%.

What are the correct ledger entries in the accounts of Kelt Ltd? The answer is:

A . Option A

B . Option B C . Option C D . Option D

Answer: A

Question: 79

DEF prepares its financial statements to 30 September each year On 1 March 20X5 DEF acquires an office and immediately rents it to a tenant charging $2,400 a quarter payable in advance.

The tenant pays $2,400 on each of the following days 1 March 20X5, 6 June 20X5, 4 September 20X5 and 1 December 20X5.

What is the liability reported in the statement of financial position relating to the rent at 30 September 20X5? A . $7,200

B . $1,600 C . $4,000 D . $5,600

Answer: D

Question: 80

Which ONE of the following does the Statement of Cash Flows show: A . The assets, equity and liabilities of a business

B . The revenue and expenses of a business over a period of time C . The cash usage of a business over a period of time

D . Notes to go with the statements that explain the practices used

Answer: C

Question: 81

Company X is a private limited oil company.

Which of the following are relevant for Company X’s integrated report? A . Risk of oil prices falling

B . Risk of share prices falling

C . Risk posed by competing oil companies and sustainable energy sources D . Need for report to be concise

Answer: A,C,D

Question: 82

Which of the following transactions would be classified as a revenue transaction? A . Purchase of plant and machinery

B . Issue of share capital

C . Payments made to trade payables D . Purchase of inventory for resale

Answer: D
Question: 83 Refer to the Exhibit.

Which of the following items should be included in the valuation of inventory in a manufacturing company? A . A, C and F

B . B, D and E

C . A, C, D and E D . B, D, E and F

E . A, C, D, E and F

F . A, B, D, E and F

Answer: E

Question: 84

The Framework is described as a conceptual framework when used in the creation of new accounting standards. Which ONE of the following describes the approach of the Framework?

A . Rules based

B . Principles based C . Statutory

D . Regulatory

Answer: B

User: Jacob***** Whenever I prepare for my cimapra17-ba3-1-eng exam, I make sure to thoroughly review the killexams.com Questions and Answers. As the test was approaching in about 6 days, the Questions and Answers became increasingly crucial. Sometimes, I need a few reference guides to get additional assistance. Thanks to killexams.com, their Questions and Answers made it easy for me to master the subjects, which would have otherwise been challenging. It is all because of killexams.com products that I managed to score 980 on my exam, the highest mark in my class.

User: Doris***** I wanted to get certification in the cimapra17-ba3-1-eng exam and chose Killexams.com questions and answers for it. The material was brilliantly arranged, and it helped me score 89% by attempting all the questions in just an hour and 20 minutes. I am grateful to Killexams.com for providing such useful study material.

User: Kiara***** Enrolling with killexams.com was a great opportunity for me to pass the ba3 - fundamentals of financial accounting exam. It gave me the chance to tackle the difficult questions of the ba3 - fundamentals of financial accounting exam, which I would have found challenging otherwise. After failing the exam, I was shattered, but killexams.com made my path easy.

User: Svetlana***** I had an outstanding experience using killexams.com as my exam preparation tool for the CIMAPRA17-BA3-1-ENG exam, and I even received a maximum score! The exam simulator and practice exam format helped me memorize the material very well, allowing me to draw upon this knowledge in the future. Additionally, the quality of the materials is superb, and the exam simulator is very light and user-friendly. I did not encounter any issues, making this an excellent value for the money.

User: Nickolai***** Passing my cimapra17-ba3-1-eng exam was crucial for keeping my job at my current company, but I knew it would not be easy without some assistance. Fortunately, I was able to learn a lot from Killexams.com training pack, which included cimapra17-ba3-1-eng questions and answers as well as an exam simulator. Now, I am proud to announce that I am cimapra17-ba3-1-eng certified. Thank you, Killexams.com, for helping me achieve my goal.

---