CA Foundation Accounting PYQ June 2024: Question Paper and Solutions

CA Foundation Accounting PYQS Series June 2024 15 Questions Indexed

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

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

  1. State with reasons, whether the following statements are Ture or False: (i) If Closing Stock appears in the Trial Balance then it does not enter in…
  2. (i) Define accounting policy. What are the conditions under which a company can change its accounting policy? (ii) Explain the following: (1) Cash…
  3. Pass journal entries for the following transactions in the books of Mr. Kapil: (i) Purchased goods from Sonu for 1,50,000 at a trade discount of 10%…
  4. The Trial Balance of Mr. Sarvesh Kumar as on 31 st March, 2024 did not tally and the difference was posted to Suspense Account. On a scrutiny of the…
  5. On 1 st April, 2022, LMP Co. which depreciates its machinery @10% p.a. on diminishing balance method, had - 9,72,000 to the debit of Machinery…
  6. The Receipts and Payments Account of Vandana Sports Club for the year ended 31st March, 2024 are as follows: Receipts Amount (₹) Payment Amount (₹)…
  7. P, Q and R wee partners sharing profit & losses in the ratio of 3:2:1. They decided to dissolve the business as on 31st Mrach, 2024 when their…
  8. Anu and Manu are carrying on business in partnership and sharing profits & losses in the ratio of 5:3. The firm’s Balance Sheet as on 31 st March,…
  9. Harshit Traders are carrying on the retail business of electrical goods. They keep their books of account under single entry system. The Balance…
  10. Manish closed his books of account on 31 st March, each year. Inventory taking for the year ended 31 st March, 2024 was completed by 10 th April,…
  11. Mr. Prakash runs a factory which produces Pressure Cookers. The following details were obtained about his manufacturing expenses for the year ended…
  12. From the following particulars, prepare the Bank Reconciliation Statement of businessman as on 31 st March, 2024: Sl. No. Particulars ₹ 1 Bank…
  13. The following is the abstract of Balance Sheet Happy Ltd. as on 31 st March, 2024: Particulars ₹ Issued and paid up capital 90,000 Equity shares of…
  14. The following balances appeared in the Books of Mac Ltd. as on 31st December, 2023: Amount (₹) 80,000,10% Preference shares of 100 each, 75 paid up…
  15. What are the advantages of Subsidiary Books?