PRINCIPLES AND PRACTICE OF ACCOUNTING PAPER 1

C.A.FOUNDATION

OF ACCOUNTING

QUESTION NO Compulsory/Optional MarksQ.1 Compulsory Question 20

General Overview of Paper

Q.1 Compulsory Question 20Q.2 to Q.7 Any 4 out of 5 105

Total (including options) 125

Paper vis-a-vis JKSC MaterialTotal Marks including Options 125Less: MCQ Marks NILLess: MCQ Marks NILTotal Marks excluding MCQs 125Marks from JKSC Material 119% of Marks Same/Similar/Partially Similar to JKSC Material 95.20%

We are happy to share with you that 95.20% of the paper was same/similar / partially similar same/similar / partially similar to JKSC material

COMPULSORY

AnalysisTrue and False

Analysis of Topics Covered1. Admission of a Partner2. Uses of Security Premium

Q.NO.1. (a)

COMPULSORYQUESTION2. Uses of Security Premium3. Capital and Revenue4. Rectification of Errors5. Consignment6. Accounting Concepts and Conventions

COMPULSORY

AnalysisChapter: Theoretical Framework

Analysis of Topics Covered

Q.NO.1. (b)

COMPULSORYQUESTION 1. Theory : Services of Chartered Accountant

COMPULSORY

AnalysisChapter: Accounting Process

Analysis of Topics Covered

Q.NO.1. (c)

COMPULSORYQUESTION 1. Sales Day Book

AnalysisChapter: BRS

Analysis of Topics CoveredQ.NO.2. (a)

1. Cashbook Overdraft Balance is the starting pointOPTIONAL QUESTION2. (a)

AnalysisChapter: InventoriesAnalysis of Topics Covered

Q.NO.2. (b)

1. Stock taking

2. Physical stock is given

3. Calculate book value of stock on year end

4. Covers adjustment regarding sale or reurn

OPTIONAL QUESTION2. (b)

Analysis

Chapter: ConsignmentAnalysis of Topics CoveredQ.NO.

3. (a) 1. Goods Sent on Consignment is at cost

2. Abnormal loss is in transit with insurance claim

3. Closing Stock Valuation

4. Preparation of Consignment Account only

OPTIONAL QUESTION3. (a)

AnalysisChapter: Account Current

Analysis of Topics CoveredQ.NO.3. (b)

Either

1. Forward Method

2. Interest Method

3. Only 4 transactions - relating to sales, sales return and cash received

OPTIONAL QUESTION3. (b)

AnalysisChapter: Average Due Date

Analysis of Topics CoveredQ.NO.3. (b)

OR

1. Two way Transaction of Bills Receivable and Bills PayableOPTIONAL QUESTION

3. (b)

AnalysisChapter: Bills Of Exchange

Analysis of Topics CoveredQ.NO.3. (c) 1. Accomodation of Bill

2. Ratio in the second bill changesOPTIONAL QUESTION

3. (c)

Q.NO.

AnalysisChapter: PartnershipAnalysis of Topics Covered

1. Admission cum Retirement4. (a)OPTIONAL QUESTION 2. Value of goodwill is given

3. Revaluation

4. Investments are taken over by a partner

5. Capital Adjustment - where total capital is given, which should be in PSR

4. (a)

Q.NO.

AnalysisChapter: Non - Profit Organisation

Analysis of Topics Covered1. Trial balance is given of Education Institute4. (b)OPTIONAL QUESTION 2. Prepare Income and Expenditure and Balance Sheet

3. Fund Accounting Adjustments to be done

4. Trading Account is to be prepared with gross profit % given

5. Depreciation rates are given and to be charged on SLM basis.

4. (b)

Q.NO.Analysis

Chapter: Rectification of ErrorsAnalysis of Topics Covered5.(a)OPTIONAL QUESTION

1. Stage of Rectification - After Trial Balance

2. Use suspense account

3. 5 transactions are given and suspense account is not to be prepared

5.(a)

Q.NO.Analysis

Chapter: Final AccountsAnalysis of Topics Covered5.(b)OPTIONAL QUESTION

1. Calculation of Salary to be charged to profit and loss account

2. Calculation of salary paid

3. Calaculaution of outstanding salary

4. Given - details of Salary, number of workers and Salary increament

5.(b)

Q.NO.Analysis

Chapter: Final AccountsAnalysis of Topics Covered5.(c)OPTIONAL QUESTION

1. Manufacturing Account

2. Prepare Raw material A/c and Creditors A/c

3. Calculate Missing Figures and prepare Manufacturing A/c

5.(c)

Q.NO.Analysis

Chapter: Company AccountsAnalysis of Topics Covered

1. Share forfeiture and Re - Issue6.(a)OPTIONAL QUESTION 2. Application, Allotment plus 2 calls3. Shares are issued at par4. All the forfeited shares are re-issued5. Without Pro - Rata6. Pass all necessary Journals

6.(a)

Q.NO.Analysis

Chapter: Company AccountsAnalysis of Topics Covered

1. Issue of Debentures6.(b)OPTIONAL QUESTION 2. For purchase of Fixed Assets3. For Cash4. As Colletral Security5. Pass all necessary Journals

6.(b)

Q.NO.Analysis

Chapter: DeprecationAnalysis of Topics Covered

1. Theory on Factors to be considered for calculation 6.(c)OPTIONAL QUESTION1. Theory on Factors to be considered for calculation

of depreciation6.(c)