CA Foundation Accounting RTP January 2026: Question Paper and Solutions

CA Foundation Accounting RTP Series January 2026 21 Questions Indexed

ICAI Examination Archive & Suggested Answers: This directory indexes questions from CA Foundation Accounting RTP (January 2026). Open individual questions for available answers and working notes, then use the subject analysis to review historical marks.

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21 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: (a) The concept of conservatism when applied to the balance sheet results in…
  2. Discuss the limitations which must be kept in mind while evaluating the Financial Statements.
  3. Distinguish between Going concern and cost concept.
  4. You are required to pass necessary journal entries in the books of Mahesh: (i) Cheque amounting - 24,000 from Shankar in full settlement of his…
  5. Classify each of the following transactions into capital or revenue transactions: Legal fees on the acquisition of land.Complete repaint of existing…
  6. Prepare Sales Book of M/s. Kabir of Almora for January, 2025: Jan.5 Sold to M/s ABC10pieces of Chairs @5,000/- each less Trade Discount 5%.Jan.12…
  7. Mr. Lalit was unable to agree the Trial Balance last year and wrote off the difference to the profit and loss account of that year. On verifying the…
  8. According to the cash-book of Arun there was balance of 8,90,000 in his bank on 30th June, 2025 On investigation you find that : (i) Cheques…
  9. Puneet closed his books of account on 31st March, each year. Inventory taking for the year ended 31st March, 2025 was completed by 10th April, 2025…
  10. M/s. Alankrit Transport Company purchased10Buses @50,00,000 each on 1st October, 2021. On 1st January, 2024, one of the Buses is involved in an…
  11. On October, 2025, X sells goods to Y for 25,000 plus IGST @18% and draws two bills of exchange on him; the first bill fort - 15,000 for 2 months and…
  12. The following are the balances extracted from the books of Shri Mohan Gupta as on 31.03.2025, who carries on business under the name and style of…
  13. The following is the Receipts and Payments Account of a Sports Club for the year ended 31st December, 2025. Receipts ₹ Payments ₹ To Balance b/d…
  14. Deep Enterprises maintain their books of accounts under single entry system. The Balance-Sheet as on 31st March, 2024 was as follows : Liabilities…
  15. Sita, Gita and Rita are in partnership sharing profit and losses at the ratio of 2:5:3. The Balance Sheet of the partnership as on 31.03.2025 was as…
  16. A, B and C are partners sharing profits and losses in the ratio of 2:2:1 respectively. The Balance Sheet of the firm as at 31st March, 2025 is as…
  17. Greenrock Limited is a company with an authorized share capital of 4,00,00,000 in equity shares of 10 each, of which - 30,00,000 shares had been…
  18. Give necessary journal entries for the forfeiture and re-issue of shares: (i) Windy Whale Ltd. forfeited 900 shares of 10 each fully called up, held…
  19. A company had issued - 80,000,12% debentures of 100 each on 1st April, 2021. The debentures were due for redemption on 1st March, 2025. The terms of…
  20. The following balances appeared in the Books of Silver Stone Ltd. as on 31st December, 2024: Amount (₹) 1,600,000,10% Preference shares of 100 each,…
  21. Write short notes on the following: (i) Rules of posting of journal entries into Ledger. (ii) Importance of bank reconciliation statement to an…