CIMAPRA17-BA3-1 Free Exam Questions & Answers (Updated 2026)

Question No 1

Store Y believe customer XF will not be able to pay his £300 debt. Which ONE of the following day books should this 'bad debt' be recorded in?

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Question No 2

Which ONE of the following does the Statement of Cash Flows show:

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The assets, equity and liabilities of a business

The revenue and expenses of a business over a period of time

The cash usage of a business over a period of time

Notes to go with the statements that explain the practices used

Question No 3

Company P are looking to create a balance sheet. Which of the following should be included in this document?

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Company P's current assets

Company P's revenue for the period

Company P's cash usage for the period

Company P's liabilities

Company P's investing activities

Question No 4

An accountant is taking on financial accounting responsibilities for company PQ. Which TWO of the following are NOT true of financial accounting?

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It's purpose is to provide financial information to an external source

It's purpose is to provide information for internal use

Performed without adherence to standard accounting rules

Performed in accordance with legal requirements

Question No 5

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: Answer

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CIMA CIMAPRA17-BA3-1 Free Exam Questions (Updated 2026)

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Question No 1

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Question No 4

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