CA Foundation Accounting MTP September 2026: Question Paper and Solutions
CA Foundation
Accounting
MTP Series
September 2026
28 Questions Indexed
ICAI Examination Archive & Suggested Answers: This directory indexes questions from CA Foundation Accounting MTP (September 2026). 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
28 indexed questions. Open a question to read its full statement and available answer.
- 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 of…
- Differentiate between Book-keeping and Accounting.
- The following details are available of raw material of a manufacturing unit: 1-5-2026 Opening Inventory 100 units @ ₹ 15 per unit 2-5-2026 Purchases…
- M/s. Surya Prakash purchased a second-hand machine on 1st April, 2022 for ₹ 1,60,000. Overhauling and erection charges amounted to ₹ 40,000. Another…
- Pass the Journal entries to record/rectify the following transactions in the books of Mr. Saket. Suspense account may be used, if required: (i) Sale…
- The following is the Balance Sheet of X, Y, Z on 31st December, 2025 when they decided to dissolve the partnership. They share profits in the ratio…
- Following are the Manufacturing A/c, Creditors A/c and Raw Material A/c provided by M/s. Anil related to financial year 2025-26. There are certain…
- Ram, Laxman and Bharat were in a partnership firm sharing profit and loss in the ratio of 3: 2: 1. Their Balance Sheet on 31st March, 2026 was as…
- Hari Om Distributors are carrying on the retail business of electrical goods. They keep their books of account under single entry system. The…
- From the following income and expenditure account of a Educational Club for the year ending 31stMarch, 2026, you are required to prepare Receipt and…
- Attempt any ONE of the two sub-parts i.e. either (i) or (ii) : (i) On 31st March 2026, the Bank Pass Book of Ms. Veena showed a balance of ₹…
- The books of Nova Tech Systems Ltd. showed the following balance on 31st December, 2025: 60,000 Equity Shares of ₹ 10 each fully paid; 36,000 12%…
- David Limited issued a prospectus inviting applications for 3,60,000 equity shares of ₹ 10 each at a premium of ₹ 2 per share payable as follows: On…
- Define Measurement and Valuation Principles in brief.
- State with reasons, whether the following statements are true or false: (i) Wages paid for erection of machinery are debited to Profit and Loss…
- Discuss the basic considerations in distinguishing between capital and revenue expenditure.
- Pass the Journal entries to rectify the following errors detected during preparation of the Trial Balance: (i) An amount of ₹ 14,000 due from Ramesh…
- Physical verification of stock in a business was done on 23rd June, 2026. The value of the stock was ₹ 48,00,000. The following transactions took…
- On 31st July, 2026, Cash Book of Ms. Daman (Bank Column of Account No. 1) shows a Bank Overdraft of ₹ 1,97,400. On going through the Bank Pass book…
- Fly high sports club had the following Income and Expenditure account for the year ended 31st Dec 2025. Income and Expenditure Account for the year…
- It was provided under the Partnership Agreement between Amar, Akbar and Anthony that in the event of death of a partner, the survivors would have to…
- The Balance Sheet of a Partnership Firm M/s Batra & Associates consisted of two partners Rohan and Kunal who were sharing Profits and Losses in the…
- The balance sheet of Gagan on 1st April, 2025 was as follows: Particulars Amount (₹) Particulars Amount (₹) Trade Payables 6,50,000 Furniture and…
- Mr. Prakash furnishes following information for his readymade garments business: (i) Receipts and Payments during 2025-26: Receipts Amount ₹…
- Blossom Ltd. (unlisted company other than AIFI, Banking company, NBFC and HFC) provides the following information as at 31st March, 2026:…
- Give necessary journal entries for the forfeiture and re-issue of shares: (i) Sigma Ltd. forfeited 27,000 shares of ₹ 10 each fully called up, held…
- Given below are the extracts of Balance Sheet of Surya Chemicals Limited as on 31st March, 2026: Particulars Amount in ₹ 7% Redeemable Preference…
- "The cost of Property, Plant and Equipment comprises of any cost directly attributable to bring the asset to the location and condition necessary…