Free CIMA BA3 Exam Dumps Questions & Answers

Internal controls can be split between detect controls and prevent controls.
Which THREE of the following are prevent controls?

• A.Physical inventories
• B.Bank reconciliations
• C.Signing goods received notes
• D.Checking invoices to goods received notes
• E.Checking delivery notes to invoices
• F.Recording all transactions

An organization's cash book has an opening balance in the bank column of $4,850 credit.
The following transactions then took place:
(a) Cash sales of $14,500, including VAT of $1,500.
(b) Receipts from customers of debts of $24,000.
(c) Payments to creditors of debts of $18,000, less 5% cash discount.
(d) Dishonored cheques from customers amounting to $2,500.
The resulting balance in the bank column of the cash book should be:

• A.$19,050 credit
• B.$23,750 credit
• C.$14,050 debit
• D.$12,550 debit

Which ONE of the following statements is true?

• A.It is the responsibility of the external auditors to detect fraud
• B.It is the responsibility of the shareholders to detect fraud
• C.It is the responsibility of the management to detect fraud
• D.It is the responsibility of the internal auditors to detect fraud

Which FOUR of the following should be categorised as a DEBIT (DR) when filling out a T-account?

• A.Increase in income
• B.Decrease in assets
• C.Increase in drawings
• D.Increase in capital
• E.Decrease in liabilities
• F.Increase in assets
• G.Increase in expenses
• H.Increase in liabilities

Below are a list of entries from FG's accounts, from the most recent accounting period:
Petty Cash £150 DR
Returns Outwards £310 CR
Purchases £820 DR
Sales £250 CR
FG started the period with a bank balance of £405 DR. The total bank account at the end of period was £1,065 DR Which of the above items has been omitted from the bank account total?

• A.Petty Cash
• B.Purchases
• C.Returns Outwards
• D.Sales