CA Inter Advanced Accounting MTP January 2026: Question Paper and Solutions

How to Prepare for CA Intermediate Advanced Accounting

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Question directory and available solutions

35 indexed questions. Open a question to read its full statement and available answer.

1. Alfa Ltd. submits the following data extracted from the Final Accounts as on 31 March, 2025: Equity Share Capital 50,000 Equity shares of 10 each…
2. "Fixed Asset held for sale" will be classified in the Balance Sheet as per Schedule III of the Companies Act as:
3. Hari Ltd.is in the business of manufacturing electronics equipment and selling these at its various outlets. It provides installation services for…
4. A company is engaged in refining, transportation, and marketing of petroleum products. During the financial year ended 31st March, 2025, it acquired…
5. P Ltd. has 60% voting right in Q Ltd. Q Ltd. has 20% voting right in R Ltd. Also, P Ltd. directly enjoys voting right of 14% in R Ltd. R Ltd. is a…
6. A Machinery was given on 3 years lease by a dealer of the machinery for equal annual lease rentals to yield 20% profit margin on cost of the…
7. The following information is provided for MoreLimited: Particulars 31 st March 2024 (₹) 31 st March 2025 (₹) Profit and Loss a/c 5,400 (Dr.) 37,800…
8. On 1st April, 2024, A Limited started the construction of an Office Building (qualified asset). The land under the building is regarded as a…
9. Happy Limited is a Textile Manufacturing Company and engaged in the production of Polyester (P) and Nylon (N). While manufacturing the main…
10. Aerodots Ltd. has the following capital structure as on 31.03.2025 : Particulars Amount (in thousands) Equity Share Capital (shares of 10 each) 600…
11. GB Limited acquired 80% of equity shares of TB Limited on 1st April, 2018 at a cost of 58,00,000 when TB Limited had an Equity share capital of…
12. Mr. Suresh is working for Raina Ltd. Consider the following particulars: Particulars Year 2023-2024 Year 2024-2025 Annual salary 30,00,000 30,00,000…
13. The summarized Balance Sheet of Vijay Ltd. as on 31st March, 2025 is given below Liabilities Amount Equity Shares of 10 each 3,50,000 8%, Cumulative…
14. The following is the Trial Balance of AT Ltd as on 31st March, 2025: Particulars Dr. (000) Particulars Cr. (000) Land at Cost 148 Equity Share of 10…
15. Colour Limited leased a Machine to Red Limited on 1 April, 2021 on the following: Cost of the machine 18,00,000 Lease term 3 Years Fair market value…
16. On 1 April 2025, ABC Limited has given the following information: 50,000 equity shares of 100 each (80paid up by all shareholders) 40,00,000…
17. Following information are available in respect of Z Limited as on 31st March, 2024 1. Equity shares of 100 each 500 lakhs 2. General Reserve 100…
18. Smart Limited is an Indian Company and has its Branch at New York. The following balances in respect of Smart Limited's USA Branch office are…
19. Sun Limited has acquired 40% share in Moon Ltd. for 5,00,000 on 01.07.2024. Moon Ltd. is holding 40% stake in Star Limited. Now, Sun limited can…
20. Anshul manufacturers purchased 20,000 Kg. of raw material at 170 per Kg. Direct transit cost incurred - 5,00,000 and normal transit loss is 3%.…
21. Jay Ltd. submits the following data extracted from the Final Accounts as on 31st March, 2024: Equity Share Capital 5,00,000 50,000 Equity shares of…
22. Vijay Ltd. borrowed 30 lakh at interest rate of 5% per annum and purchased plant and machinery for 60 lakh (using borrowed funds) and started…
23. The cost of inventories of items that are not ordinarily interchangeable and goods or services produced and segregated for specific projects should…
24. A Ltd. had 1,50,000 shares of common stock outstanding on 1 April, 2024. Additional 50,000 shares were issued on 1 November, 2024 and 32,000 shares…
25. Jared Limited purchased a machine for US$ 20,000 on 31 December 2024, payment being due after four months. On the same date the company entered into…
26. As per provisions of AS-26, how would you deal to the following situations: (1) ₹ 23,00,000 paid by a manufacturing company to the legal advisor for…
27. Kumar Ltd. is engaged in the manufacture of both passenger cars and commercial vehicles. The management has recently developed a long-term strategic…
28. Prem Ltd. holds 2,000, 15% Debentures of 100 each in Mehar Ltd. as on April 1, 2024 at a cost of 2,50,000. Interest is payable on June, 30 and…
29. Care who carried on a retail business opened a branch Omega on January 1st, 2025 where all sales were on credit basis. All goods required by the…
30. Hari Ltd., OM Ltd. and Bhakti Ltd. decided to jointly construct a pipeline to transport the gas from one place to another that was manufactured by…
31. Following is the summarized Balance Sheet of Star Ltd. as on 31st March, 2025. Particulars Amount (₹) Liabilities Authorized and Issued Share…
32. The following is the Trial Balance of Madhav Ltd.as on 31st March, 2024 : Particulars Dr. (000) Particulars Cr. (000) Land at Cost 148 Equity Share…
33. Indicate in each case whether revenue can be recognized and when it will be recognized as per AS-9. (i) Delivery is delayed at buyer's request but…
34. In the following cases, record Journal Entries for amortization in the books of Huge Ltd. for the year ended 31st March, 2025 with reference to…
35. Pendora Ltd. has given the following details in respect of employee benefit pension plan: Particulars Amount ₹ The fair value of plan assets as on…