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CIMA BA3 Exam With Confidence Using Practice Dumps

Exam Code:
BA3
Exam Name:
Fundamentals of Financial Accounting
Certification:
Vendor:
Questions:
393
Last Updated:
Jul 5, 2025
Exam Status:
Stable
CIMA BA3

BA3: CIMA Certificate Exam 2025 Study Guide Pdf and Test Engine

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Fundamentals of Financial Accounting Questions and Answers

Question 1

If a profitable entity is not required to register for sales tax with its local tax authority, which of the following statements is TRUE?

Options:

A.

A sales tax receivable account will be prepared in the nominal ledger

B.

Sales tax will not be added to the sales price of goods invoiced to customers

C.

Sales tax will not be added to the cost of goods and expenses supplied

D.

Profit for the year will be reported net of sales tax.

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Question 2

Which THREE of the following are improved by the use of accounting standards?

Options:

A.

Consistency

B.

Cash flow

C.

Comparability

D.

Performance

E.

Fair presentation

F.

Position

Question 3

Accounting codes have proven to be very useful when recording business transactions.

Which THREE of the following does a coding system help to do?

Options:

A.

Reduce the number of transactions recorded

B.

Improve the quality of reports

C.

Reduce time taken to analyze transaction

D.

Take away the need for books of prime entry

E.

Combine roles for the receivables and payables ledger

F.

Extract balances for suppliers and customers