CA Foundation Accounting MTP January 2025: Question Paper and Solutions

CA Foundation Accounting MTP Series January 2025 15 Questions Indexed

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

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Question directory and available solutions

15 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: i. Depreciation cannot be provided in case of loss, in a financial year. ii.…
  2. Explain the objective of “Accounting Standards” in brief.
  3. One of your clients Mr. Govind asked you to finalize his account for the year ended 31 st March, 2024. As a basis for audit, Mr. Govind furnished…
  4. Sunshine Ltd. keeps no stock records but a physical inventory of stock is made at the end of each quarter and the valuation is taken at cost. The…
  5. Prepare a Bank Reconciliation statement for Ramesh Traders as on 31 st March, 2024. The cash book of Ramesh Traders shows a debit balance of…
  6. Summary of Receipts and Payments of Natures Beauty Society for the year ended 31st March, 2024 are as follows: Receipts Amount Payments Amount…
  7. A, B and C shared profits and losses in the ratio of 5:3:2. They took out a Joint Life Policy in 2020 for 50,000, a premium of 3,000 being paid…
  8. Mr. Nikhil gives the following particulars in respect of business carried on by him: Particulars Amount (₹) Capital Invested in business 9,00,000…
  9. The Balance Sheet of a Partnership Firm M/s Dutch and Associates consisted of two partners P and Q who were sharing Profits and Losses in the ratio…
  10. Sameer Distributors are carrying on the retail business of electrical goods. They keep their books of account under single entry system. The Balance…
  11. M/s. Satya Paul steels were unable to agree the Trial Balance as on 31st March, 2024 and have raised a suspense account for the difference. Next…
  12. Mr. Sanjay runs a factory which produces tyres. The following details were obtained about his manufacturing expenses for the year ended 31st March,…
  13. The books of Rishab Ltd. showed the following balance on 31st December, 2024: 60,000 Equity Shares of 10 each fully paid;₹ 36,000 12% Redeemable…
  14. Samuel Limited issued a prospectus inviting applications for 1,20,000 equity shares of 10 each at a premium of 2 per share payable as follows: On…
  15. Write short notes on any two of the following: (i) Bill of exchange and the various parties to it. (ii) Retirement of bills of exchange. OR What are…