CIMA BA3 Question Answer
A business had a balance at the bank of $1500 at the start of the month.
During the following month, it paid for materials of $1000, less trade discount of 20% and cash discount of 10%. It received a cheque from a trade receivable in respect of an invoice for $200, subject to cash discount of 5%.
The balance at the bank at the end of the month was
Give your answer to 2 decimal places.
CIMA BA3 Summary
- Vendor: CIMA
- Product: BA3
- Update on: Jul 29, 2025
- Questions: 393
