CA Foundation Accounting RTP May 2026: Question Paper and Solutions

CA Foundation Accounting RTP Series May 2026 20 Questions Indexed

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

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20 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) Insurance claim received on account of plant and machinery completely…
  2. Distinguish between Money measurement concept and matching concept.
  3. Change in accounting policy may have a material effect on the items of financial statements.” Explain the statement with the help of an example.
  4. You are required to pass necessary journal entries in the books of Batra: (i) Employees had taken stock worth - 25,000 (Cost price - 22,500) on the…
  5. Classify the following expenditures as capital or revenue expenditure: (i) Travelling expenses of the directors for trips abroad for purchase of…
  6. From the following information prepare the Purchase Book of M/s Victory & Company who deals in eye care business : (i) Purchased from Pink & Company…
  7. Pass the Journal entries in the books of Mr. Dhuria to rectify the following errors detected during preparation of the Trial Balance: (i) Wages paid…
  8. Prepare a Bank Reconciliation Statement for Vibha Traders as on 31st March, 2025. The Cash Book of Vibha Traders shows a debit balance of 3,29,000…
  9. Lavender Ltd. prepared their accounts financial year ended on 31st March, 2025. Due to unavoidable circumstances actual stock has been taken on 10th…
  10. A firm purchased a second-hand machinery on April, 1,2023 for 30,00,000, subsequent to which - 4,00,000 were spent on its repairs and installation.…
  11. On 1st January, 2025, Tamal draws three bills of exchange for 16,000,25,000 and - 10,000. The first bill of exchange for 16,000 is for two months…
  12. From the following schedule of balances extracted from the books of Mr. Manas, prepare Trading and Profit and Loss Account for the year ended 31…
  13. The accountant of City Club gave the following information about the receipt and payment of the club for the year ended 31st March ,2025 Receipts ₹…
  14. Roshan Washing House is owned by Roshan. He keeps his books on single entry and provides you with the following information: 1 st January, 2025 (₹)…
  15. The profits and losses for the previous years are:2022 Profit - 5,000,2023 Loss - 8,500,2024 Profit - 25,000,2025 Profit - 38,500. The average…
  16. A , B and C who were sharing profits in the ratio of 3:2:1 decided to dissolve the firm on 31st March, 2025 when their Balance Shet was as follows:…
  17. Give necessary journal entries for the forfeiture and re-issue of shares: (i) A Ltd. forfeited - 3,000 shares of 10 each fully called up, held by…
  18. Following is the extract of Balance Sheet of Laxmi Ltd. as at 31st March, 2025 : Particulars ₹ Authorized capital: 4,50,000 equity shares of 10 each…
  19. The following balances appeared in the Books of MCM Ltd. as on 31st December, 2025: Amount (₹) 40,000,10% Preference shares of 100 each, 75 paid up…
  20. On 1st April, 2025, the following balances appeared in the books of Globe Limited (an unlisted company other than AIFI, Banking Company, NBFC and…