CA CPT Guidance

I want to become CA, so I have applied for CPT Exam. Now I need guidelines about CPT Exam, so is there anyone who will provie guidelines with syllabus of this Exam?

The Institute of Chartered Accountants of India conducts CPT Exam.

Registration Fee: Rs. 6000/-

Eligibility Criteria:
Class 10+2 with any discipline from recognized Board

Syllabus of CPT Exam

One Paper, Two Sessions 200 Marks
Session I:
Section A: Fundamentals of Accounting 60 Marks
Section B: Mercantile Laws 40 Marks
Session II:
Section C: General Economics 50 Marks
Section D: Quantitative Aptitude 50 Marks

Section A: Fundamentals of Accounting ( 60 Marks
Theoretical Framework
(i) Meaning and Scope of accounting
(ii) Accounting Concepts, Principles and Conventions
(iii) Accounting Standards – concepts, objectives, benefits
(iv) Accounting Policies
(v) Accounting as a measurement discipline – valuation principles, accounting estimates

Accounting Process
Books of Accounts leading to the preparation of Trial Balance, Capital and revenue expenditures, Capital and revenue receipts, Contingent assets and contingent liabilities, Fundamental errors including rectifications thereof.

Bank Reconciliation Statement

Inventories
Basis of inventory valuation and record keeping.

Depreciation accounting
Methods, computation and accounting treatment of depreciation, Change in depreciation
methods.

Preparation of Final Accounts for Sole Proprietors

Accounting for Special Transactions
(a) Consignments
(b) Joint Ventures
(c) Bills of exchange and promissory notes
(d) Sale of goods on approval or return basis.

Partnership Accounts
Final accounts of partnership firms – Basic concepts of admission, retirement and death of a partner including treatment of goodwill.

Introduction to Company Accounts
Issue of shares and debentures, forfeiture of shares, re-issue of forfeited shares, redemption of
preference shares.

Section B: Mercantile Laws ( 40 Marks )
The Indian Contract Act , 1872: An overview of Sections 1 to 75 covering the general nature of
contract , consideration , other essential elements of a valid contract , performance of contract and breach of contract.

The Sale of Goods Act, 1930: Formation of the contract of sale – Conditions and Warranties –
Transfer of ownership and delivery of goods – Unpaid seller and his rights.

The India Partnership Act, 1932: General Nature of Partnership – Rights and duties of partners –
Registration and dissolution of a firm.

Attached Files Available for Download

CPT Exam Syllabus and Prospectus.pdf (32.9 KB, 8 views)

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