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CIMA Fundamentals of financial accounting BA3 Question # 105 Topic 11 Discussion

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CIMA Fundamentals of financial accounting BA3 Question # 105 Topic 11 Discussion

BA3 Exam Topic 11 Question 105 Discussion:
Question #: 105
Topic #: 11

Select the THREE INCORRECT statements from the following list of statements about memorandum accounts:
A.

A memorandum ledger is an account that is not part of the bookkeeping system as a whole

B.

All transactions in a memorandum account have to be balanced with a corresponding entry in the nominal ledger

C.

A memorandum account is part of the nominal ledger

D.

A memorandum account is a daybook

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Actual exam question for CIMA BA3 exam by Arlo3463 at Aug 2, 2025, 12:00:00 AM

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