CIMA BA3 Valid Q&A - in .pdf

  • BA3 pdf
  • Exam Code: BA3
  • Exam Name: Fundamentals of Financial Accounting
  • Updated: Jun 20, 2026
  • Q & A: 395 Questions and Answers
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CIMA BA3 Valid Q&A - Testing Engine

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  • Exam Code: BA3
  • Exam Name: Fundamentals of Financial Accounting
  • Updated: Jun 20, 2026
  • Q & A: 395 Questions and Answers
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CIMA Fundamentals of Financial Accounting Sample Questions:

1. Refer to the Exhibit.

Which of the following would be the opening balance on the bank ledger account?

A) $479 Debit
B) $642 Credit
C) $479 Credit
D) $642 Debit


2. Company X wants to find the total of all the transactions from its sales account. Where should Company Xlook?

A) Sales ledger
B) Sales control account
C) Memorandum account


3. Refer to the exhibit.

A company has the following transactions for the month of April:
Closing inventory at the end of the period was $26,000 and gross profit was $90,000. The opening inventory was therefore:

A) $26,000
B) $6,000
C) $32,000
D) $20,000


4. Which one of the following is unlikely to be identified by the ratio analysis of a company's financial statements?

A) Poor working capital management
B) Excessive debt
C) Effective use of assets
D) Significant capital commitments


5. Which TWO of the following are responsibilities of the IFRS interpretations committee?

A) Preparing and publishing the international financial reporting standards
B) Issuing draft interpretations of the standards for public comment
C) Taking decisions on finalising an interpretation of the standards
D) Communicating the views of the wider public on the ongoing projects to the IASB


Solutions:

Question # 1
Answer: A
Question # 2
Answer: B
Question # 3
Answer: C
Question # 4
Answer: D
Question # 5
Answer: B,C

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