Free CIMA BA3 Practice Exam with Questions & Answers | Set: 10

Refer to the exhibit.

Which three of the following would be classified as a revenue reserve?

Which of the following financial documents contains the manufacturing account?

A business may have thousands of transactions in any one accounting year. To trace the details of one of those transactions could be very difficult

Which of the following would be a way to make this easier?

Which of the following statements concerning the statements of cashflows are INCORRECT?

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:

Refer to the exhibit.

The following is an extract from the trial balance of a business for its most recent year:

Net profit before tax has already been calculated as being £27m. Income tax of £5m is to be provided, and a final dividend of 30p per share is declared.

Using some or all of the figures above, the correct figure of retained profit for the year is

The total of the debit column of a trial balance is $800 bigger than the credit column.

Which of the following is the entry recorded in the suspense account?

Which one of the following statements is true?

At the end of the year, the non-current asset register showed assets with a net book value of £170,300. The non-current asset accounts in the nominal ledger showed a net book value of £150,300.

The difference could be due to a disposed asset not having been removed from the non-current asset register, which had.

Which of the following transactions in the current year explains a reason for an increase in the gearing ratio of an entity from 35% last year to 45% this year?