CA Foundation Accounting RTP May 2025: Question Paper and Solutions
CA Foundation
Accounting
RTP Series
May 2025
22 Questions Indexed
ICAI Examination Archive & Suggested Answers: This directory indexes questions from CA Foundation Accounting RTP (May 2025). Open individual questions for available answers and working notes, then use the subject analysis to review historical marks.
How to Prepare for CA Foundation Accounting
Solving past MTPs, RTPs, and suggested answers from previous examination windows is essential to mastering time management under the time limit applicable to your exam paper. Review step-by-step working notes, legal case precedents, and accounting disclosures with instant 24/7 AI tutor assistance via CApex.
Question directory and available solutions
22 indexed questions. Open a question to read its full statement and available answer.
- Accounting Standards for non -corporate entities in India are issued by the Central Government .
- Cash book is a subsidiary book as well as a principal book .
- Debit balance as Cash Book is same as overdraft as per passbook .
- Warehouse rent paid for storage of finished inventory should be included in the cost of finished inventory .
- Reducing balance method of depreciation is followed to have a uniform charge for depreciation and repairs and maintenance together.
- Under what circumstances can an enterprise change its accounting policy?
- Explain Cash and Mercantile system of accounting .
- Prepare Journal Entries for the following transactions in the books of Harpreet (i) Customer’s cheque for 4,000 returned dishonoured for…
- Classify the following transactions either as capital or revenue expenditures or as capital or revenue receipts; (i) Dividend received from XYZ…
- From the following information, draw up a Trial Balance in the books of Shri Mohan Das as on 31st March, 2024: Particulars Amount (₹) Particulars…
- Mr. Mathur's trial balance as on 31st March, 2024 did not agree. The difference was put to a Suspense Account. During the next trading period, the…
- From the following information (as on 31.3.2024), prepare a bank reconciliation statement after making necessary adjustments in the cash book:…
- Closing stock is valued by Zebra Stores on generally accepted accounting principles. Stock taking for the year ended 31st March, 2024 was completed…
- The Machinery Account of a Factory showed a balance of 95 Lakhs on 1st April, 2023 . The Books of Accounts of the Factory are closed on 31st March…
- On October, 2024, Samar sells goods to Amar for 25,000 plus IGST @18% and draws two bills of exchange on him; the first bill fort - 15,000 for 2…
- Charu decided to start business of fashion garments under the name of M/s. Bella Wear on 1st April, 2023. She had a saving of about - 10,00,000. She…
- From the following Receipts and Payments Account of Finance Professionals Club . Receipts and Payments Account for the year ended 31st March, 2024…
- Saraswati Enterprises maintain their books of accounts under single entry system. The Balance Sheet as on 31st March, 2024 was as follows:…
- Agarwal, Samuel and Khan are partners in a firm. On 1st April, 2022 their fixed capital stood at 2,50,000,1,25,000 and - 1,25,000 respectively. As…
- Aman, Yaman and Zaman who were sharing profits in the ratio of 3:2:1 decided to dissolve the firm on 31st March, 2024 when their Balance Shet was as…
- Ambiance Limited invited applications for issuing - 2,25 ,000 equity shares of 10 each at a premium of 5 per share. The total amount was payable as…
- The extract of Balance Sheet of Hari Om Ltd. as on 31st March, 2024 is as follows Sr. No. Particulars Notes Particulars ₹ I] EQUITY AND LIABILITIES…