Master CIMAPRA17-BA3-1 Exam with Reliable Practice Questions
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MM does not maintain complete accounting records The following information is available for the year ended 31 December 20X3.
The mark up on items sold by MM is 20%
What is the figure for purchases to be included in MM's statement of profit or loss for the year ended 31 December 20X3?
Correct : C
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MM does not maintain complete accounting records. The following information is available for the year ended 31 December 20X3:
The mark up on items sold by MM is 20%.
Which THREE of the following statements are true?
Correct : B, C, D
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AB sells two products ,X and Y. The following information was available at AB's year-end, 31 December 20X6:
At 31 December 20X6 AB held 800 units of Product X and 400 units of Product Y
What is the value that will be included in inventories in AB's statement of financial position as at 31 December 20X6?
Correct : D
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Which TWO of the following are transactions that would be recorded in the sales ledger control account?
Correct : A, B
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VWX is registered for sales tax in Country B A sales invoice to its mam customer shows the following information:
What journal entry will WVX process to record this transaction in its nominal ledger?
A)
B)
C)
D)
Correct : B
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