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CIMA BA3 Exam Questions
Fundamentals of Financial Accounting (Page 7 )

Updated On: 21-Feb-2026
Page 7 of 80
PDF with 393 Questions

Refer to the Exhibit.



A business banks its takings for the week. The bank account at the start of the week shows an overdraft

Which of the following is the dual effect?

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

Answer(s): C



"To assure shareholders that the stewardship of the organization was effectively carried out."

What does this definition describe?

  1. Internal audit
  2. Preparation of financial statements
  3. External audit
  4. Reconciliation process

Answer(s): C



Refer to the Exhibit.



Transactions are often categorized between capital and revenue

Which of the following combinations are correct?

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

Answer(s): B



The record of how the profit or loss of a company has been allocated to distributions and reserves is found in the:

  1. Reserves account
  2. Appropriation account
  3. Capital account
  4. Retained profit account

Answer(s): B



Company X is a private limited oil company. Which of the following are relevant for Company X's integrated report?

  1. Risk of oil prices falling
  2. Risk of share prices falling
  3. Risk posed by competing oil companies and sustainable energy sources
  4. Need for report to be concise

Answer(s): A,C,D






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