Free BA3 Exam Braindumps (page: 3)

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Which of the following represent items of income for a business?

  1. Discount received, revenue & carriage outwards
  2. Revenue, bank interest & bad debts
  3. Discount allowed, bank interest & revenue
  4. Revenue, discount received & bank interest

Answer(s): D



CORRECT TEXT

The balances of the trial balance of CDE for the year ended 31 May 20X4 is as follows



What must the balance on the share capital account be at 31 May 20X4 if the trial balance is to balance? Give your answer in $'000

  1. See Explanation section for answer.

Answer(s): A

Explanation:

CORRECT TEXT IS: $26280



CORRECT TEXT

GG has the following statement of profit or loss extract for the year ended 31 December 20X3



What is the interest cover for GG for the year ended 31 December 20X3?

  1. 8 times
  2. 0 times.
  3. 5 times
  4. 5 times

Answer(s): B



AB sold a machine for $15,000 The machine had originally cost $160,000 and al the dale of disposal had a carrying value of $26,000.

The journal entry lo record this disposal is:

A)



B)



C)



D)

  1. Option A
  2. Option B
  3. Option C
  4. Option D

Answer(s): A



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Anonymous User commented on May 05, 2024
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