Cisco
CompTIA
ISC
EC-Council
EXIN
Fortinet
ITIL
Juniper
Microsoft
VMware
Avaya
SAP
Google
NVIDIA
Salesforce
Amazon
Palo Alto Networks
ISC2
Splunk
ServiceNow
All Vendors
  2. Home
  3. Exams
  4. CIMA
  5. BA3

CIMA BA3 Exam Questions
Fundamentals of Financial Accounting (Page 4 )

Updated On: 21-Feb-2026
Page 4 of 80
PDF with 393 Questions

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



Different users have different needs from financial information. One of which is to assess how effectively management is performing and how much profit will be available to be distributed.

Which of the following users will have this need for information?

  1. Managers
  2. Suppliers
  3. Lenders
  4. Shareholders

Answer(s): D



CORRECT TEXT
A company has profit before tax and dividends of $500000. The share capital consists of 1000000 ordinary shares of $1 each and 100000 10% preference shares of 50p each.

A 10p dividend was declared on ordinary shares.

Assuming there was no tax liability for the period, profit retained for the period was

  1. See Explanation section for answer.

Answer(s): A

Explanation:

CORRECT TEXT IS: $395001



CORRECT TEXT

BCD has the following balances for the year ended 31 December 20X8:



What is the trade payables balance of BCD at 31 December 20X8? Give your answer to the nearest $"000.

  1. See Explanation section for answer.

Answer(s): A

Explanation:

CORRECT TEXT IS: $380






Post your Comments and Discuss CIMA BA3 exam dumps with other Community members:

Join the BA3 Discussion