New Year Special 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: Board70

CIMA Certificate BA3 Syllabus Exam Questions Answers

Previous
Page: 14 / 14
Question 56

A liability may best be defined as:

Options:

A.

An obligation to transfer economic benefits as a result of past transactions or events

B.

A resource which may be used to derive income in the future

C.

A person or entity owing money to the business

D.

The amount of money withdrawn from the business by the owners

Question 57

Refer to the exhibit.

Harvey commenced business with capital of $50,000. At the end of the first financial year, he has

What was the profit for the period?

Options:

A.

$7,000 profit

B.

$7,000 loss

C.

$23,000 profit

D.

$23,000 loss

Question 58

The formula for calculating payables days is

Options:

A.

cost of goods sold divided by payables x 365

B.

payables divided by purchases x 365

C.

purchases divided by payables x 365

D.

payables divided by cost of goods sold x 365

Previous
Page: 14 / 14
Ace Your BA3 CIMA Certificate Exam, CIMA BA3 Questions Answers, Vce BA3 Questions Latest, BA3 Exam Results, Selected BA3 CIMA Certificate Questions Answers, CIMA Certificate BA3 Full Course Free, CIMA Certificate BA3 Exam Dumps, CIMA BA3 Based on Real Exam Environment, CIMA Certificate BA3 Updated Exam, BA3 Questions Bank, Helping Hand Questions for BA3, CIMA CIMA Certificate BA3 New Questions, CIMA Certificate BA3 Syllabus Exam Questions Answers,
Exam Code: BA3
Exam Name: Fundamentals of financial accounting
Last Update: Dec 22, 2024
Questions: 393
BA3 pdf

BA3 PDF

$59.7  $199
 Add to Cart
BA3 Engine

BA3 Testing Engine

$67.5  $225
 Add to Cart
BA3 PDF + Engine

BA3 PDF + Testing Engine

$74.7  $249
 Add to Cart