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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:
Jan 22, 2026
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

ABC Limited had a gross profit margin of 55%, while a direct competitor, XYZ Limited, has a gross profit margin of 60%.

Which THREE of the following would be an acceptable explanation for this?

Options:

A.

ABC Limited has a higher selling price than XYZ Limited

B.

ABC Limited has a lower selling price than XYZ Limited

C.

ABC Limited has better control of its production costs than XYZ Limited

D.

XYZ Limited has better control of its production costs than ABC Limited

E.

ABC Limited has a lower profit mark-up than XYZ Limited

F.

ABC Limited has a higher profit mark-up than XYZ Limited

Question 3

Which TWO of the following are characteristics of financial accounts?

Options:

A.

They ate produced from historic information

B.

They include forecasted information.

C.

They are used for internal decision making

D.

They are produced monthly or quarterly.

E.

They meet legal requirements