CA Foundation Accounting MTP September 2025: Question Paper and Solutions

CA Foundation Accounting MTP Series September 2025 27 Questions Indexed

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

27 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. Goods sold on approval or return basis are not recorded as credit sales…
  2. Write short notes on the following: (i) Accounting conventions. (ii) Contingent Asset and Contingent Liability
  3. M/s. Samar Steels wires were unable to agree the Trial Balance as on 31st March, 2025 and have raised a suspense account for the difference. Next…
  4. M/s Mcgraw, Profit and loss account showed a net profit of 32,00,000, after considering the closing stock of 30,00,000 on 31st March, 2025.…
  5. The Machinery Account of a factory showed a balance of 95 Lakhs on 1st April, 2024. The Books of Accounts of the factory are closed on 31st March…
  6. Following are the Manufacturing A/c, Creditors A/c and Raw Material A/c provided by M/s. Anil related to financial year 2024-25. There are certain…
  7. Amar Akbar and Anthony are partners in a firm. On 1st April, 2025 their fixed capital stood at 9,00,000,4,50,000 and - 4,50,000 respectively. As per…
  8. The profits and losses for the previous years are:2021 Profit - 10,000,2022 Loss - 17,000,2023 Profit - 50,000,2024 Profit - 75,000. The average…
  9. The Balance Sheet of a Partnership Firm M/s Genesis and Associates consisted of two partners A and B who were sharing Profits and Losses in the…
  10. Following is the extract of Balance Sheet of Sky Ltd. as at 31st March, 2025 : ₹ Authorized capital: 3,00,000 equity shares of 10 each - 30,00,000…
  11. On 31st March, 2025, the Bank Pass Book of Mansi showed a balance of 7,50,000 to her credit while balance as per cash book was - 5,60,250 . On…
  12. From the following information supplied by Raipur Club, prepare Receipts and Payments account and Income and Expenditure Account for the year ended…
  13. Raghwan Limited issued - 60,000 Equity shares of, 10 each at a premium of 10%, payable 2on application; 4on allotment (including premium); 2on first…
  14. 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 Explain,…
  15. State with reasons whether the following statements are True or False: (i) Trade Discount is a reduction granted by a supplier from the list price…
  16. What services can a Chartered Accountant provide to the society?
  17. A Machinery costing - 60,00,000 is depreciated on straight line assuming 10 years working life and nil salvage value for four years. At the end of…
  18. Mr. Kamal’s trial balance as on 31st March, 2025 did not agree. The difference was put to a Suspense Account. During the next trading period, the…
  19. On 30th June. 2025, Cash Book of Mr. Gaurav (Bank Column of Account No. 1) shows a Bank Overdraft of 1,97,400. On going through the Bank Pass book…
  20. Surajmal Enterprises maintain their books of accounts under single entry system. The Balance Sheet as on 31st March, 2024 was as follows:…
  21. M/s. Wellore is a partnership firm with the partners X, Y and Z sharing profits and losses in the ratio of 3:2:5. The balance sheet of the firm as…
  22. Arav, Nirav and Bharat are in partnership. The following is their Balance Sheet as at March 31, 2025 on which date they dissolved their partnership.…
  23. From the following Income and Expenditure account and the Balance sheet of a club, prepare its Receipts and Payments Account and Subscription…
  24. An inexperienced book keeper has drawn up a Trial balance for the year ended 31st March, 2025. Particulars Debit (₹) Credit (₹) Provision for…
  25. Attempt any ONE out of the two sub parts i.e. either (i) or (ii). (i) The following details are available of raw material of a manufacturing unit:…
  26. The Balance Sheet of XYZ Ltd. as at 31st March, 2023 inter alia includes the following information: ₹ 1,00,000, 8% Preference Shares of 100 each, 70…
  27. Divis Pharma Limited issued 50,000 equity shares of 10 each payable as 3 per share on application, 5 per share (including 2 as premium) on allotment…