In the year ended 31 December 20X1, XYZ receives an email confirming that a major...

CIMA BA3 Question Answer

In the year ended 31 December 20X1, XYZ receives an email confirming that a major customer has gone into liquidation and will be unable to pay its suppliers.

Which of the following is the impact of adjusting for this event?

Profits increase and allowance increases.

Receivables decrease and allowance increases

Receivables unchanged and profits decrease

Receivables decrease and profits decrease

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CIMA BA3 Summary

Vendor: CIMA
Product: BA3
Update on: Jul 29, 2025
Questions: 393

Price: $52.5 ~~$149.99~~

The prime cost of goods manufactured is the total of:

MHJ purchased an asset for £53,500, which incurred a delivery charge of £20,000.

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In the year ended 31 December 20X1, XYZ receives an email confirming that a major...

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CIMA BA3 Summary

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