CA Final Financial Reporting MTP September 2025: Question Paper and Solutions

How to Prepare for CA Final Financial Reporting

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Question directory and available solutions

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

1. ABC Ltd. manufactures and sells healthcare products, and food and grocery products. (i) Three products namely A, B & C are manufactured. Product A…
2. B Ltd. is engaged in many business including manufacturing and fitness clubs and sports gymnasium. It prepares its financial statements following…
3. Z Ltd. is a multi-national company and prepares and presents its financial statements following Indian Accounting Standards. (i) Z Ltd. makes sale…
4. A first-time adopter of Ind AS shall apply the requirements in Ind AS 109, Financial Instruments and Ind AS 20, Accounting for Government Grants and…
5. According to the principle of Integrity under the Code of Ethics, a Chartered Accountant shall not knowingly be associated with information if the…
6. The Accountant Mr. Ramesh Kanna of 'H' Limited submitted to you the following Standalone Balance Sheet extracts as at 31st March 20X2: H Ltd. S Ltd.…
7. A Ltd has made a security deposit whose details are described below. Make necessary journal entries for accounting of the deposit in the first year…
8. On 1 January 20X0, XYZ Ltd. issues 10-year bonds for 10,00,000, bearing interest at 10% (payable annually on 31st December each year). The bonds are…
9. Company A is the parent company of a group. Company A is an unlisted company having net worth of 60 crores as on 31st March 20X1. Following are the…
10. Besides manufacturing plants, A Ltd. has various other assets, not used for operational activities, e.g., freehold land, townships in different…
11. The directors of H Ltd. wish to recognise a material deferred tax asset in relation to 250 Cr of unused trading losses which have accumulated as at…
12. A Ltd. purchased an asset of 100 lakh on 1st April, 20X0. It has useful life of 4 years with no residual value. Recoverable amount of the asset is…
13. Company X purchased 100 goats at an auction for 1,00,000 on 30th September 20X1. Subsequent transportation costs were - 1,000 that is similar to the…
14. An entity enters into a contract with a customer for two intellectual property licences (Licences A and B), which the entity determines to represent…
15. ABC Ltd., a public limited company, is in the business of exploration and production of oil and gas and other hydrocarbon related activities outside…
16. Astra Ltd. is a listed entity which operates in the defence and fibre optics sector. It supplies fibre optic cables and racks in the domestic…
17. Either An entity has 100 employees, who are each entitled to five working days of paid sick leaves for each year. Unused sick leave may be carried…
18. Find out the cash from operations by indirect method from the following information: Operating statement of ABC Ltd. for the year ended 31.3.20X2…
19. ABC Ltd is a diversified company engaged in multiple lines of business and operates through several subsidiaries and associates. The Group has…
20. MS Ltd., a diversified organisation with several subsidiaries and business lines, has prepared its financial statements for the year ended 31st…
21. XYZ Ltd. prepares its financial statements as per Ind AS. The management requires your assistance in following cases: (i) XYZ Ltd. originates 2,000…
22. Which of the following is an example of an item that may need to be recognised on the transition date under Ind AS?
23. Which of the following correctly identifies circumstances under which a Chartered Accountant may or must disclose confidential information?
24. DEF Ltd. acquired 100% ordinary shares of 100 each of XYZ Ltd. on 1st October 20X1. On 31st March, 20X2 the summarised Balance Sheets of the two…
25. ABC Company issued 10,000 compulsory cumulative convertible preference shares (CCCPS) as on 1 April 20X1 @150 each. The rate of dividend is 10%…
26. An entity has taken a loan facility from a bank that is to be repaid within a period of 9 months from the end of the reporting period. Prior to the…
27. On 1st January, 20X2, the directors of Johansen Ltd. decided to terminate production at one of the company's divisions. This decision was publicly…
28. Ankita Holding Inc. grants 100 shares to each of its 500 employees on 1st January, 20X1. The employees should remain in service during the vesting…
29. Sun Ltd. acquired a software from Earth Ltd. in exchange for a telecommunication license. The telecommunication license is carried at 5,00,000 in…
30. Alpha Ltd. on 1st April, 20X1, borrowed - 30,00,000 @ 9% to finance the construction of two qualifying assets. Construction started on 1st April,…
31. ST Limited enters into a contract with a customer to sell an asset. Control of the asset will transfer to the customer in two years (i.e. the…
32. ABC Ltd. acquired 5% equity shares of XYZ Ltd. for 10 crores in the year 20X1-20X2. The company is in process of preparing the financial statements…
33. ABC Ltd. buys goods from an overseas supplier. It has recently taken delivery of 1,000 units of component X. The quoted price of component X was -…
34. Entity Y and Entity Z execute a 12-year lease of a railcar with the following terms on 1st January, 20X1: The lease commencement date is 1st…
35. Company X has identified one of its division (disposal group) to be sold to a prospective buyer and the Board has approved the plan to sell the…
36. What are proactive measures to mitigate cybersecurity risks?
37. 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…