CIMAPRA17-BA3-1-ENG Exam Preparation Material | BA3 - Fundamentals of Financial Accounting (2017 SYLLABUS) (Online)

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Prepare for the CIMAPRA17-BA3-1-ENG BA3 - Fundamentals of Financial Accounting (2017 SYLLABUS) (Online) exam with CertQueen's independently developed study resources. Review important concepts, practice scenario-based questions, and use clear explanations to identify areas that require further study.

Question#1

DRAG DROP
CDE, an entity registered for sales tax, purchases a piece of equipment for cash on 31 December 20X6 for $30,000 including sales tax. The sales tax rate is 20%.
What is the journal entry required to record this transaction in the nominal ledger?
Place the labels in the corresponding position in the table below:

Question#2

MNO operates an imprest system to maintain a float of petty cash of 5100 At the end of the week the petty cash expense vouchers total $76 and there is $36 cash in the float.
Which of the following, taken independently, would explain this difference of $10?

A. The total of the expense vouchers has been overstated by $10

B. $10 expense has been paid for which there is a missing expense voucher

C. A $20 bill has been counted as a $10 bill in the float

D. A $10 receipt from an employee has not been added to the float

Question#3

Which of the following would require an adjustment to be made to the cash book?
(a) Unpresented cheques
(b) Receipts not yet credited by the bank
(c) A dishonoured cheque
(d) Bank charges

A. (a) and (b) only

B. (b) and (c) only

C. (c) and (d) only

D. (d) only

Question#4

An organization restores its petty cash balance to £350 at the end of each month.
During October, the total expenditure column in the petty cash book was calculated as being £310, and hence the impress was restored by this amount. The analysis columns, which had been posted to the nominal ledger, totaled only £300.
This error would result in:

A. The trial balance being £10 higher on the debit side

B. The trial balance being £10 higher on the credit side

C. No imbalance in the trial balance

D. The petty cash balance being £10 lower than it should be

Question#5

Which one of the following attributes is the most important for any code to possess, in order to be of use in an accounting system?

A. Concise

B. Understandable

C. Unique

D. Secret

Exam Code: CIMAPRA17-BA3-1-ENG
Q & A: 393 Q&As Updated: Oct 07,2026

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What This CIMAPRA17-BA3-1-ENG Study Resource Helps You Do

Review Key Concepts

Review the technologies, products, processes, and practical skills covered by the current CIMAPRA17-BA3-1-ENG exam objectives.

Practice Scenario-Based Questions

Work through independently developed questions designed to strengthen your understanding of technical scenarios and decision-making.

Identify Knowledge Gaps

Use your results and the provided explanations to find weaker areas and focus your study more effectively.

How to Use This CIMAPRA17-BA3-1-ENG Preparation Material

Review the Exam Scope

Start by reviewing the topics covered by the CIMAPRA17-BA3-1-ENG exam. Compare them with the official exam objectives to understand the required technologies, operational tasks, and practical skills, then identify the areas that deserve the most attention.

Practice Independently

Complete a focused set of practice questions for each topic. On your first attempt, avoid referring to notes, answers, or other study resources so that you can evaluate your current understanding more accurately.

Study the Explanations

Review the answers and explanations after completing each practice session. Understand why the correct option is appropriate for the given scenario and why the other options may be incorrect or less suitable.

Close Knowledge Gaps

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Exam Code: CIMAPRA17-BA3-1-ENG
Q & A: 393 Q&As
Updated: Oct 07,2026

Access Complete CIMAPRA17-BA3-1-ENG Preparation Material