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Old October 10th, 2017, 06:21 PM
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Default CA CPT Free Test

Hii sir, I Am Preparing for the CA CPT Examination Fundamentals Of Accounting Will you Please Provide me the Question Paper of the CA CPT Examination ?
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Old October 11th, 2017, 12:22 PM
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Default Re: CA CPT Free Test

CA-CPT is a common aptitude test that judges aspirants’ capabilities in the following four areas i.e. Accounting, Mercantile Laws, General Economics and Quantitative Aptitude.

The Question Paper of the CA CPT Exam Paper Fundamentals Of Accounting is given below


PART A – FUNAMENTALS OF ACCOUNTING
1.JOURNAL
1. Goods worth Rs.2,000 were distributed as free samples in the market. The journal entry will be ________
a) Drawing A/c Dr.2,000 To Purchases A/c 2,000
b) Sales A/c Dr.2,000 To Cash A/c 2,000
c) Advertisement A/c Dr.2,000 To Purchases A/c 2,000
d) No entry2.If goods are sold but not delivered to the customer, they will be included in ______
a) Closing inventory
b)Goods in transit
c) Sales
d) Sales returns3.Johnny purchased goods of Rs.5,000 for cash at 20% trade discount and 5% cash discou Purchases A/c is to be debited by Rs.______
a) 3 800
b) 5 000
c) 3 750
d) 4:-0002. LEDGER4.In the ledger an account shows credit balance at the end of the year. This balance is shown as
a) To Balance c/d on the debit side
b) By Balance c/d on the credit side
c) To Balance b/d on the debit side
d) By Balance b/d on the credit side5. BANK RECONCILIATION STATEMENT
5.Bank Reconciliation Statement is used to show the difference between the balances of
a) Cash columns of Cashbook & Passbook
b) Bank columns of Cashbook & Passbook
c) Cash columns of Cashbook & Bank columns
of Cashbook
d) None of the above

6.Debit balance as per Cash Book of Axe Ltd. As on 31.3.2016 is Rs. 2,000. Cheques deposited
but not cleared amounts to Rs. 100 and Cheques issued but not presented of Rs. 150.
The bank allowed interest amounting Rs. 100 and collected dividend Rs. 50 on behalf of Axe
Ltd. Balance as per Pass Book should be
a) Rs. 1,700
b) Rs. 2,000
c) Rs. 2,100
d) Rs. 2,200

7. FINAl ACCOUNTS – I

7.Average inventory = Rs.30,000. Closing Inventory is Rs. 5,000 more than opening inventory.Then the value of closing inventory will be
a) Rs.32,500 b) Rs.35,000
c) Rs.30,000 d) Rs.60,000

8.At the time of finalization of Financial Statements, Bad debts written off are to be refeerred to
Prosions
a)Pro isions
b) Reserves
c)Capital A/c
d)Profit & Loss A/c

9)from the following find out the coorect equation
A=Opening Inventory
B=Purchase
C=Closing Inventory
D=Cost of goods sold

a) D-A=B+C
b)A+B=D-C
c)A-C=D+B
d)A+B=C+D

10)Genral manger gets 6% Comission On net Profit After Charging Such Comission.Gross Profit after RS 60,000 and Other Indirect expenses other than Managers Comission are Rs 70000.Comission.
a)3000
b)3396
c)3500
d)None Of the above

11)A decrease in the provision for doubtful debts would result in:
a) An increase in liabilities.
b) A decrease in working capital.
c) A decrease in net profit.
d) An increase in net profit.

12)Capital at the end of the year Rs.5,00,000 Drawings during the year Rs.50,000
Profit for the year Rs.1,00,000 Interest on opening capital @ 10% per annum
will be
a) 50,000
b) 5,50,000
c) 45,000
d) 55,000

13)An amount of Rs.68,000 was paid on 3/3/17 for advertisement in a newspaper. This was
published in the newspaper on 3/4/17. This expenditure will be shown as __
a) Liability in the balance sheet on 31/3/17
b) Prepaid expenses on the assets side of
Balance Sheet on 31/3/17
c) An expense in the Profit and Loss A/c for the
year ended 31/3/17
d) None of the above

14)Opening capital = Rs.5,00,000 Drawings = Rs.1,20,00Assets = Rs.8,500 Liabilities =Rs.75,00
Closing Capital & Profit will be Rs._
a) 8,50,000 & 3,95,000
b) 7,75,000 & 3,95,000
c) 7,75,000 & 1,55,000
d) 8,50,000 & 3,55,000

15)Goods of the sale price of Rs.8000 were sent to a customer on sale or return basis. Till the end
of the year the goods were neither returned nor approved. The profit is 25% on cost. The inventory with customer to be included to the closing inventory of the trader will be Rs
a)6400
b)7000
c)6000
d)6500
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