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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:
Sep 18, 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

Refer to the exhibit.

A suspense account shows a credit balance of $230 which has arisen because of the recording of a gas bill twice in the gas account.

In order to correct the error, which one of the following journal entries is required?

The correct journal entry is

Options:

A.

A

B.

B

C.

C

D.

D

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Question 2

Refer to the exhibit.

ABC has the equity balances at the end of year 1.

During year 2 ABC issues 100,000 new shares at a price of $1.10

What is the balance on share premium at the end of year 2?

Options:

A.

$80,000

B.

$90,000

C.

$140,000

D.

$190,000

Question 3

The financial accounts, as prepared by the directors of a company, are required to show a 'true and fair view'. This means that:

Options:

A.

The accounts are accurate

B.

The accounts are prepared in accordance with the Companies Act and comply with relevant reporting standards

C.

The accounts contain no fraudulent transactions

D.

No errors were detected during the audit of the accounts