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Most Recent CIMAPRA17-BA3-1 Exam Questions & Answers
Prepare for the CIMA BA3 - Fundamentals of Financial Accounting exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.
QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the CIMAPRA17-BA3-1 exam and achieve success.
The questions for CIMAPRA17-BA3-1 were last updated on Dec 20, 2024.
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A sole trader made a net profit of $8000 for the year.
During the year, inventory increased by $500, receivables decreased by $800 and payables increased by $2400.
This would result in:
Andrew is valuing the closing inventory at the lower of cost and net realizable value.
Which of the following concepts dictates his choice?
Accounting standards and company law both influence how assets and liabilities ate classified and presented in financial statements
An amount owing at the year end, due for repayment more from one year from the date that the statement of financial position is being prepared, will be
classified under which of the following headings?
W and Partners has an opening capital balance at 1 January of 14,640 credit.
During the period there was an increase in assets of 6,820 and an increase in liabilities of 5,400.
The balance on the capital account at the end of the period is:
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