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CIMA BA3 Actual Tests : Fundamentals of Financial Accounting

BA3 actual test
  • Exam Code: BA3
  • Exam Name: Fundamentals of Financial Accounting
  • Updated: Jun 04, 2026
  • Q & A: 395 Questions and Answers
  • PDF Demo
  • PC Test Engine
  • Online Test Engine
  • Total Price: $59.99  

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CIMA Fundamentals of Financial Accounting Sample Questions:

1. The sales ledger control account shows a balance of £236,725, whilst the individual customer balances total
£231,472.
One possible explanation for the difference between the two may bE.

A) The sales daybook has been undercast by £5,253
B) An invoice for £5,253 has been recorded in the sales ledger but not in the sales day book
C) The sales day book has been overcast by £5,253
D) A payment for £5,253 has been recorded in the cashbook but not in the sales ledger


2. A payment to a supplier has been credited to the supplier's account and debited to the bank account.
This would result in

A) an understatement of profit and an overstatement of assets
B) an overstatement of profit and an overstatement of assets
C) an understatement of profit and an overstatement of liabilities
D) an overstatement of profit and an overstatement of liabilities


3. Which of the following would not require an adjustment to be made to the cashbook?

A) Unpresented cheques
B) Direct debits
C) A dishonored cheque
D) Bank charges


4. A basic principle of accounting is that resources are normally stated in accounts at historical cost.
Which THREE of the following are alternative ways of measuring resources?

A) Fair value
B) Replacement cost
C) Invoice value
D) Value in use
E) Net book value
F) Purchase price


5. GH has the following transactions for the week of January 20X8:

GH is not registered for sales tax
What is the total of the sales day book for this week? Give your answer to the nearest whole number:


Solutions:

Question # 1
Answer: C
Question # 2
Answer: D
Question # 3
Answer: A
Question # 4
Answer: A,B,D
Question # 5
Answer: Only visible for members

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