CA Foundation Accounting RTP January 2025: Question Paper and Solutions
CA Foundation
Accounting
RTP Series
January 2025
21 Questions Indexed
ICAI Examination Archive & Suggested Answers: This directory indexes questions from CA Foundation Accounting RTP (January 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
21 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) The debit notes issued are used to prepare sales return book . (ii) Sale…
- Distinguish between fundamental accounting assumption and accounting policies .
- Change in accounting policy may have a material effect on the items of financial statements.” Explain the statement with the help of an example.
- Pass a journal entry in each of the following cases: (i) A running business was purchased by Mohan with following assets and liabilities: Cash -…
- Classify the following expenditures as capital or revenue expenditure/receipt: (i) An extension of railway tracks in the factory area. (ii) Amount…
- Prepare Sales Book of M/s. Alpha of Kanpur for March, 2024 Mar.5 Sold to M/s. ABC10pieces of Chairs @5,000/- each less Trade Discount 5%. Mar.12…
- Mr. Satvik was unable to agree the Trial Balance last year and wrote off the difference to the Profit and Loss Account of that year. Next year, he…
- From the following particulars of M/s Iqbal enterprises, prepare a Bank reconciliation statement: (1) Bank overdraft as per Pass Book as on 31st…
- The following are the details of material inventory bought and used by manufacturing company: Date Particulars Unit and Rate 1.10.24 Balance opening…
- From the following information, calculate the historical cost of closing inventories using adjusted selling price method: Purchase during the year…
- M/s. Deep lakshmi purchased a second -hand machine on 1st April, 2020 for 1,60,000. Overhauling and erection charges amounted to 40,000. Another…
- On 1 st April, 2024, X sells goods to Y for 25,000 plus IGST@18% and draws two bills of exchange on him; the first bill for 15,000 for 2 months and…
- On 31 st March, 2024 the trial balance of Mr. Robin was as follows: Particulars Debit (₹) Particulars Credit (₹) Stock on 1/4/2023 Sundry Creditors…
- The following is the Receipts and payments account of Masters Club for the year ended on 31st March ,2024 Receipts Amount (₹) Payments Amount (₹) To…
- Following is the incomplete information of Moonlight Traders: The following balances are available as on 31.03.2023 and 31.03.2024. Balances…
- Akbar and Bali are partners in a firm sharing profits and losses equally. On 1st April, 2023 the balance of their Capital Accounts were : Akbar -…
- The following information given below: (i) Total Assets - 10,00,000 (ii) External Liabilities - 1,80,000 (iii) Normal Rate of Return10% (iv) Average…
- Acme & Co. is a partnership firm with partners Mr. X, Mr. Y and Mr. Z, sharing profits and losses in the ratio of 10:6:4. The balance sheet of the…
- Neptune, Jupiter, Venus and Pluto had been carrying on business in partnership sharing profits and losses in the ratio of 3 :2 :1 :1. They decide to…
- Kunal Fortune Ltd invited applications for issuing - 30,000 Equity Shares of 10 each. The amount was payable as follows: (i) On Application 1 per…
- The following is the summarized Balance Sheet of Trinity Ltd. as at 31.3.2023: Liabilities ₹ Assets ₹ Share Capital Fixed Assets 3,00,000 Authorised…