CA Foundation Accounting PYQ May 2025: Question Paper and Solutions

CA Foundation Accounting PYQS Series May 2025 14 Questions Indexed

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

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) Trade discount is recorded in the discount column in triple column cash…
  2. Explain the following: (i) What are the objectives of accounting standards? (ii) What is the difference between liability and contingent liability?
  3. A trader prepared his final accounts on 31 st March, each year. Due to some unavoidable reasons, no inventory taking could be possible till 15 th…
  4. Following errors were found in the books of XYZ. Give necessary entries to correct them: (i) A purchase of goods from R amounting to 10,000 has been…
  5. Prepare the Bank Reconciliation Statement of M/s. XYZ Brothers on 31 st March, 2025 from the particulars given below: (i) The Bank Pass Book had a…
  6. The Receipts and Payments Account of ABC Club for the year ended March, 31,2025 was as follows: (Figures are in ‘₹ 000) Receipts Amount ₹ Payments…
  7. A, B and C are partners sharing profits and losses in the ratio of 2:2:1. Their Balance Sheet as on 31 st March, 2024 is as follows: Liabilities…
  8. Amal, Bimal & Kamal were in partnership sharing profits in the proportion of 3:2:1. The balance sheet of the firm as on 31 st March, 2024 was as…
  9. The balance sheet of ABC as on 1 st April, 2024 was as follows: Particulars Amount (₹) Particulars Amount (₹) Sundry Creditors 8,12,500 Furniture…
  10. On 1 st July, 2022, Maritime Limited purchased second hand machine for 1,20,000 and reconditioned the same by spending - 18,000. On 1 st January,…
  11. Attempt any ONE of the two Sub-parts i.e. either (i) or (ii) (i) For mutual accommodation of himself and Gagan, Aman drew upon Gagan a bill of 7,500…
  12. Following notes pertain to the Balance Sheet of PQR Company Limited as at 31 st March, 2024: ₹ in lakhs Authorized capital: 5,00,000 shares of 100…
  13. R Ltd. invited applications for issuing - 1,00,000 equity shares of 10 each at a premium of 2 per share. The amounts were payable as follows: On…
  14. Define Measurement and Valuation Principles in brief.