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Free CIMA CIMAPRA17-BA3-1 Actual Exam Questions
The questions for this exam were last updated on January 7, 2026
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Refer to the Exhibit. On 1 May year 1 a company pays insurance of $1,800 for the period to 30 April year 2 What is the charge to the income statement and the entry in the statement of financial position for year 1 ended 30 November?
Select one option, then reveal solution.
Question No. 2
Which of the following is an example of where the materiality convention should be applied?
Select one option, then reveal solution.
Question No. 3
An organization's trial balance at the end of the month was out of agreement, with the debit side totaling £500 less than the credit side. A suspense account was opened for this amount. During the next month, the following errors were discovered: (a) The purchase returns day book had been under cast by £50 (b) Rent payable of £400 had been credited to the rent receivable account (c) A non-current asset, with a net book value of £700 had been disposed of at a loss of £80; all entries had been correctly recorded except that the sale proceeds had been omitted from the disposals account. Following the correction of these errors, the balance on the suspense account would be.
Select one option, then reveal solution.
Question No. 4
Which of the following would be a role of the financial accountant?
Select one option, then reveal solution.
Question No. 5
Which one of the following would not be considered one of the roles of a Financial Accountant?
Select one option, then reveal solution.
Question No. 6
Which of the following is not a correct definition of the accounting equation?
Select one option, then reveal solution.
Question No. 7
Which of the following transactions would be classified as a revenue transaction?
Select one option, then reveal solution.
Question No. 8
Which one of the following best describes the stewardship function?
Select one option, then reveal solution.
Question No. 9
Which TWO of the following statements are correct?
Select all that apply, then reveal solution.
Question No. 10
The Accounting Standards Board is responsible for:
Select one option, then reveal solution.
Question No. 11
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?
Select one option, then reveal solution.
Question No. 12
Life membership fees payable to a club or society are usually dealt with by:
Select one option, then reveal solution.
Question No. 13
CORRECT TEXT Refer to the exhibit. A company has the following equity balances at the beginning of the year During the year the company made a rights issue of 1 for 5 at a price of $1.50 The balance of share premium after this issue is
Question No. 14
CORRECT TEXT A club receives subscriptions during 2006 of £4600. Of these £500 related to subscriptions in respect of 2005 and £400 related to subscriptions in advance for 2007. The accounts for 2005 included an accrual of £600 for subscriptions in arrears; the balance of £100 which has still not been received, should be written off. The figure for subscriptions in the income and expenditure account for 2006 will be
Question No. 15
CORRECT TEXT Refer to the exhibit. The bookkeeper of Joshua Ltd has absconded with the petty cash. The following was available: How much has the bookkeeper stolen during the year?
A company has the following equity balances at the beginning of the year During the year the company made a rights issue of 1 for 5 at a price of $1.50 The balance of share premium after this issue is
The bookkeeper of Joshua Ltd has absconded with the petty cash. The following was available: How much has the bookkeeper stolen during the year?