CA Foundation Accounting MTP April 2025: Question Paper and Solutions

CA Foundation Accounting MTP Series April 2025 26 Questions Indexed

ICAI Examination Archive & Suggested Answers: This directory indexes questions from CA Foundation Accounting MTP (April 2025). Open individual questions for available answers and working notes, then use the subject analysis to review historical marks.

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

  1. State with reasons, whether the following statements are true or false:1. Warehouse rent paid for storage of finished inventory should be included…
  2. Explain the objective of “Accounting Standards” in brief?
  3. The balance of Machinery Account of a firm on 1st April, 2024 was - 42,81,000. Out of this, a plant having book value of 3,24,000 as on 1st April,…
  4. Mr. Kunal was unable to agree the Trial Balance last year and wrote off the difference to the Profit and Loss Account of that year. Next year, he…
  5. From the following information, ascertain the Cash Book balance of Mr. Patil as on 31st March, 2025: (i) Debit balance as per Bank Pass Book -…
  6. From the following information, calculate the historical cost of closing inventories using adjusted selling price method: Purchase during the year…
  7. The following are the balances as at 31st March, 2025 extracted from the books of Mr. Govind. ₹ ₹ Plant and Machinery 1,17,300 Bad debts recovered…
  8. It was provided under the Partnership Agreement between Ram, Laxman and Bharat that in the event of death of a partner, the survivors would have to…
  9. Thomson & Associates. is a partnership firm with partners Tim, Sam and Ben, sharing profits and losses in the ratio of 10:6:4. The balance sheet of…
  10. Summary of Receipts and Payments of ABC Society for the year ended 31st March, 2025 are as follows: Receipts Amount Payments Amount Subscription…
  11. From the following information prepare the Purchase Book of M/s Pawan & Company: (i) Purchased from Red & Company on credit:30 pairs of black…
  12. Attempt any ONE of the following two sub- parts i.e. either (i) or (ii): (i) Sam, Sarthak, Sara shared profits and losses in the ratio of 5:3:2.…
  13. Lol Ltd. (unlisted company other than AIFI, Banking company, NBFC and HFC) provides the following information as at 31st March, 2025: Particulars ₹…
  14. Riya Closet Ltd invited applications for issuing - 10,000 Equity Shares of 10 each. The amount was payable as follows: On Application 1 per share On…
  15. Explain in brief objectives of preparing Trial Balance. OR What are the rules of posting of journal entries into the Ledger? Explain in brief.
  16. State with reasons whether the following statements are True or False: i. Insurance claim received on account of plant and machinery completely…
  17. What services can a Chartered Accountant provide to the society?
  18. The following are the details of the spare parts of a Paper Factory : 1-1-2025 Opening Inventory Nil 1-1-2025 Purchases 10 units @300 per unit…
  19. On 1 st April, 2024, Supervisor & Co. which depreciates its machinery @10% p.a. on diminishing balance method, had - 29,16,000 to the debit of…
  20. On 31st March, 2025 the Trial Balance of Mr. Black was as follows: Particulars Debit (₹) Particulars Credit (₹) Stock on 1st April, 2024 Sundry…
  21. X, Y and Z wee partners sharing profit & losses in the ratio of 3:2:1. They decided to dissolve the business as on 31 st March, 2025 when their…
  22. Alpha and Beta are partners, sharing profits and losses in the proportion of 3/4 th and 1/4th As at 31st March, 2025, following is the Balance Sheet…
  23. Following is the Receipts and Payments Account of M/s Rainbow Club for the year ended 31 st March, 2025: Receipts ₹ Payments ₹ To Cash in hand on…
  24. Following notes pertain to the Balance Sheet of Manoj Ltd. as at 31 st March, 2025 ₹ Authorised capital: 30,000 12% Preference shares of 10 each…
  25. Amit Limited issued 50,000 Equity shares of 100 each at a premium of 20%, payable 20on application; 50on allotment (including premium); 20on first…
  26. Write short notes on: (i) Adjusted Selling Price method of determining cost of stock. (ii) Principal methods of ascertainment of cost of inventory.…