CA Final Financial Reporting MTP May 2026: Question Paper and Solutions

How to Prepare for CA Final Financial Reporting

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Question directory and available solutions

34 indexed questions. Open a question to read its full statement and available answer.

1. ABC Ltd. maintains its accounts and prepares its annual financial statements in accordance with Indian Accounting Standards (Ind AS). It is a…
2. D Ltd. is a globally diversified business conglomerate with operations spanning across various business sectors worldwide. The company adheres to…
3. On 1 st April, 20X1, PQR Ltd. acquired 30% of the voting ordinary shares of XYZ Ltd. for 8,000 crore. PQR Ltd. accounts its investment in XYZ Ltd.…
4. With respect to the best practices applicable to all companies, which of the following statements is incorrect?
5. Which of the following proactive measures do not mitigate cybersecurity risks?
6. On 1 st April 20X1, A Limited acquired 80% of the share capital of S Limited. On acquisition date the share capital and reserves of S Ltd. stood at…
7. Autumn Limited has a policy of providing subsidized loans to its employees for their personal purposes. Mrs. Jama Bai, a senior HR manager in the…
8. Entity ABC acquired a building for its administrative purposes and presented the same as property, plant and equipment (PPE) in the financial year…
9. Following is the extract of the consolidated financial statements of A Ltd. for the year ended on: Asset/ (liability) Carrying amount as on 31 st…
10. Mr. A, Mr. B and Mr. C have direct interests of 40%, 10% and 10% respectively, of Trust T. The remaining 40% interest in Trust T is held by 20…
11. A Ltd. purchased 100 goats at an auction for 1,00,000 on 30 th September, 20X7. Subsequent transportation costs were - 1,000. A Ltd. would have to…
12. AJ Ltd is engaged in the business of trading of chemicals having a net worth of 150 crores. The company's profitability is good and hence the…
13. Either A Ltd. enters into a contract with a customer for the exclusive supply of paint for a three-year period. A Ltd. makes a - 50,000 upfront…
14. Zenith Infrastructure Ltd. is engaged in the construction of large commercial complexes. During the financial year ending 31 March 20X6, the company…
15. An entity's accounting year ends is 31 st December, but its tax year end is 31 st March. The entity publishes an interim financial report for each…
16. X Limited engaged in the business of manufacturing fertilisers entered into a technical collaboration agreement with a foreign company Y Limited. As…
17. Mumbai Challengers Ltd., a listed entity, is a sports organization owning several cricket and hockey teams. Owing to the proposed schedules of…
18. A Ltd. is a diversified business group operating in multiple business segments across different parts of the world. It maintains its books of…
19. DEF Ltd. is a diversified business group operating in multiple business segments across different parts of the world with multiple subsidiaries. It…
20. H Ltd. is a globally diversified business conglomerate with operations spanning multiple business segments across various regions worldwide. For…
21. On 1 st April 20X1, J Ltd. subscribed for 40 million 1 loan notes in C Ltd. The loan notes were issued at 90 paise and were redeemable at 1.20 on 31…
22. ABC Ltd., a manufacturing entity, wants to forecast its financial performance based on various scenarios to comply with Ind AS guidelines. It took…
23. On 1 st April 20X1, A Limited acquired 80% of the share capital of S Limited. On the acquisition date the share capital and reserves of S Ltd. stood…
24. A Ltd. issued redeemable preference shares to a Holding Company – Z Ltd. The terms of the instrument have been summarized below. Account for this in…
25. U Ltd. is a large conglomerate with a number of subsidiaries. It is preparing consolidated financial statements as on 31st March 20X2 as per the…
26. The following information is gathered from an entity: Full capacity is 10,000 labour hours in a year.Normal capacity is 7,500 labour hours in a…
27. Either M Ltd is engaged in the business of manufacturing of bottles for pharmaceutical companies and non-pharmaceutical companies. It has a wholly…
28. Or A company had purchased an asset at 1,00,000. Estimated useful life of the asset is 5 years and depreciation rate is 20% SLM. Depreciation rate…
29. X Ltd. purchased a patent right on 1 st April, 20X1, for 3,00,000, which has a legal life of 15 years. However, due to the competitive nature of the…
30. On 1 st January 20X8, entity J enters into a one-year contract with a customer to deliver water treatment chemicals. The contract stipulates that…
31. Following is the balance sheet of Kuber Limited for the year ended 31 March, 20X2 20 X2 20 X1 ASSETS Non-current assets Property, plant and…
32. Mercury Ltd. has sold goods to Mars Ltd. at a consideration of 10 lakhs, the receipt of which receivable in three equal installments of 3,33,333…
33. Alaap Ltd.'s directors feel that the company needs a significant injection of capital in order to modernize plant and equipment as the company has…
34. MINDA issued 11,000 share appreciation rights (SARs) that vest immediately to its employees on 1 st April, 20X0. The SARs will be settled in cash.…