Question bank · CIMA Certificate in Business Accounting

CIMA BA3 Fundamentals of Financial Accounting MCQs with Answers

130 multiple-choice questions for Fundamentals of Financial Accounting, organised chapter by chapter, each with the correct answer and a worked explanation. Double entry to single-entity accounts, cash flows and ratios for the BA3 objective test. Read them here, then switch to a timed mock to test yourself under exam pressure.

1. Chapter 1The accounting framework and the Conceptual Framework10 MCQs
2. Chapter 2Accounting concepts and qualitative characteristics8 MCQs
3. Chapter 3Double entry bookkeeping and the accounting equation10 MCQs
4. Chapter 4Books of prime entry and sales tax10 MCQs
5. Chapter 5Receivables and payables control accounts10 MCQs
6. Chapter 6Bank reconciliations10 MCQs
7. Chapter 7Errors, the trial balance and suspense accounts10 MCQs
8. Chapter 8Control of accounting systems10 MCQs
9. Chapter 9Accruals, prepayments, inventory and receivables10 MCQs
10. Chapter 10Non-current assets and depreciation10 MCQs
11. Chapter 11Incomplete records, not-for-profit organisations and manufacturing accounts12 MCQs
12. Chapter 12Statement of cash flows (IAS 7)10 MCQs
13. Chapter 13Analysis of financial statements10 MCQs