CA Foundation Accounting MTP September 2024: Question Paper and Solutions

CA Foundation Accounting MTP Series September 2024 14 Questions Indexed

ICAI Examination Archive & Suggested Answers: This directory indexes questions from CA Foundation Accounting MTP (September 2024). 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

14 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) Wages paid for erection of machinery are debited to Profit and Loss…
  2. Explain Cash and Mercantile system of accounting ?
  3. Calculate the missing amount for the following. Assets Liabilities Capital 45,00,000 7,50,000 ? ? 4,50,000 2,25,000 43,50,000 ? 41,25,000…
  4. Savin & Co. purchased a machine for 1,00,000 on 1.4.2021 Another machine costing - 1,50,000 was purchased on 1.10.2022. On 31.3.2024 the machine…
  5. On 30th June.2024, Cash Book of Ms. Suman (Bank Column of Account No.1) shows a Bank Overdraft of 1,97,400. On going through the Bank Pass book for…
  6. The Receipts and Payments account of Gold Smith Club prepared on 31st March, 2024 is as follows: Receipts and Payments Account Receipts Amount ₹…
  7. P and Q were partners in a firm, sharing profit and losses in the ratio of 3:2. They admit R for 1/6th share in profits and guaranteed that his…
  8. The Balance Sheet of a Partnership Firm M/s Thomas & Associates consisted of two partners Albert and Andrew who were sharing Profits and Losses in…
  9. Hari Om & Co. employs a team of 9 workers who were paid - 1,20,000 per month each in the year ending 31st December, 2022. At the start of 2023, the…
  10. Mr. Prakash furnishes following information for his readymade garments business: (i) Receipts and Payments during 2023-24: Receipts Amount ₹…
  11. The following notes pertain to Snowberry Ltd.'s Balance Sheet as on 31st March, 2024: Notes ₹ in Lakhs (1) Share Capital Authorised : 20 crore…
  12. Give necessary journal entries for the forfeiture and re-issue of shares: (i) Gama Pvt. Ltd. forfeited - 9,000 shares of 10 each fully called up,…
  13. Given below are the extracts of Balance Sheet of Shell Chemicals Limited as on 31st March, 2024: Particulars Amount in ₹ 9% Redeemable Preference…
  14. Write short notes on: (i) Adjusted Selling Price method of determining cost of stock. (ii) Principal methods of ascertainment of cost of inventory.…