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CIMAPRA17-BA3-1 Practice Questions

BA3 - Fundamentals of Financial Accounting Exam Practice Test


Total 79 Pages
Total 393 Questions

CIMAPRA17-BA3-1 Practice Questions

Question# 1

Store Y believe customer XF will not be able to pay his £300 debt. Which ONE of the following day books should this 'bad debt' be recorded in?
Choose the Choices:


Question# 2

Which ONE of the following does the Statement of Cash Flows show:
Choose the Choices:


Question# 3

Company P are looking to create a balance sheet. Which of the following should be included in this document?
Choose the Choices:


Question# 4

An accountant is taking on financial accounting responsibilities for company PQ. Which TWO of the following are NOT true of financial accounting?
Choose the Choices:


Question# 5

DRAG DROP CDE, an entity registered for sales tax, purchases a piece of equipment for cash on 31 December 20X6 for $30,000 including sales tax. The sales tax rate is 20%. What is the journal entry required to record this transaction in the nominal ledger? Place the labels in the corresponding position in the table below: Answer
Choose the Choices:


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