CA Foundation Accounting PYQ September 2024: Question Paper and Solutions

CA Foundation Accounting PYQS Series September 2024 15 Questions Indexed

ICAI Examination Archive & Suggested Answers: This directory indexes questions from CA Foundation Accounting PYQS (September 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 True or False: (i) Nominal Accounts are balanced at the end of the Accounting Year. (ii)…
  2. Differentiate between Book-keeping and Accounting.
  3. Pass the necessary journal entries to rectify the following errors, using a Suspense Account: (i) Goods of the value of 500returned by Mr. A were…
  4. The cash book of Hari showed a debit balance of 1,36,800 as on 31.12.2023 which was in disagreement with balance as per pass book. Following…
  5. Harry draws a bill on Sejal for 60,000 on 01.01.2023 for 3 months. Sejal accepts the bill and sends it back to Harry to get it discounted for…
  6. The following Trial Balance is the Trial Balance of a Proprietor as on March, 312024. Prepare Trading and Profit & Loss Account for the year…
  7. The following is the Balance Sheet of Krish and Bala, sharing profit and loss in the ratio 3:2 Liabilities Amount (₹) Assets Amount (₹) Capital…
  8. X, Y and Z were in a firm sharing profit and loss as 3:2:1. Their Balance Sheet on 31 st March, 2024 was as follows: Liabilities Amount (₹) Assets…
  9. From the following Receipts and Payments Account of Delhi Club, prepare Income & Expenditure Account for the year ended 31.12.2023 and its Balance…
  10. Physical verification of stock in a business was done on 23 rd June, 2023. The value of the stock was - 4,80,000. The following transactions took…
  11. PQR associates bought a computer set on 01.04.2020 for 2,00,000 and charged depreciation @20% p.a. on diminishing balance method. They made further…
  12. Following information relates to Mr. Prem who maintains his books under single entry system. He is not able to ascertain the amount of bad debts…
  13. XYZ Ltd. an unlisted company issued - 6000,12% debentures of 100 each at a discount of 5% on 01.04.2021. Interest is payable annually on 31 st March…
  14. P Limited issued - 6,00,000 equity shares of 10 each at a premium of 2 per share, payable as 3 on application, 5 on allotment (including premium)…
  15. Differentiate between Periodic Inventory System and Perpetual Inventory System.