CA Foundation Accounting PYQ May 2026: Question Paper and Solutions

CA Foundation Accounting PYQS Series May 2026 15 Questions Indexed

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

15 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) Cost of inventories should comprise all cost of purchase. (ii) According…
  2. Define Accounting Policies in brief. Name the major characteristics which should be considered for the purpose of selection and application of…
  3. The following are some of the transactions of M/s Modern Stores during the month of March, 2026 as per their Waste Book. You are required to make…
  4. On 1 st April, 2023 Suman Limited purchased certain machinery for 60,00,000. On 1 st October, 2025, a part of the said machinery purchased on 1 st…
  5. The accountant of Angad Traders was unable to agree the Trial Balance as on 31 st March, 2026 and transferred the difference to Suspense Account. On…
  6. X and Y are partners in a LLP namely Alpha LLP sharing profits and losses in the ratio of 2:1. The Balance Sheet of the LLP firm as at 31 st March,…
  7. Kanchan runs a business of hosiery goods. She does not maintain proper books of accounts. She only maintains a record of her bank transactions. She…
  8. Donna, Jenny and Tony are partners of DJT Corporation sharing profit and losses in the ratio of 3:2:1. On 31 st March, 2025, their Balance Sheet was…
  9. The following is the Trial Balance as on 31 st March, 2026 of Mr. Suresh, a retail trader of books. Particulars ₹ Particulars ₹ Carriage Inward…
  10. The Profit and Loss Account of Prabhat showed a net profit of 15,00,000, after considering the closing inventory of 9,37,500 on 31st March, 2026. On…
  11. On 31st March, 2026, the bank account of Sagar, according to the bank column of the Cash Book revealed a debit balance of 37,25,000. On examination…
  12. Summary of Receipts and Payments of Urban Health Care Society for the year ended 31st March, 2026 is as follows: Receipts: Opening Cash at Bank -…
  13. The Balance Sheet of Star Limited (unlisted company other than AIFI, Banking company, NBFC and HFC) as at 31st March, 2026 is as under: Particulars…
  14. Orange Limited issued a prospectus inviting applications for 2,50,000 equity shares of 10 each at a premium of 2 per share payable as under: On…
  15. What is the Trial Balance? Even if the trial balance agrees, some errors may remain. Do you agree? Explain.