CA Inter Advanced Accounting MTP May 2025: 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. ABC Ltd. (a non-listed company) has the following Capital Structure as on 31.03.2024: Particulars (₹) (1) Equity Share Capital (Shares of 10 each…
2. RTS Ltd, (“RTS” or the “Company”), is engaged in the business of manufacturing of urea, has set up its business in a designated backward area which…
3. Mars Ltd. is a manufacturing enterprise which is starting a new manufacturing plant at X Village. It has commenced construction of the plant on…
4. 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…
5. A Machinery was giver on 3 years lease by a dealer of the machinery for equal annual lease rentals to yield 20% profit margin on cost of the…
6. A process of reconstruction, which is carried out without liquidating the company and forming a new one is called
7. On 1 st April, 2024 Mr. Zoom had an opening balance of 1000 equity shares of P Ltd.1,20,000 (face value 100 each). On 5.04.2024 he further purchased…
8. Following information was extracted from the books of A Ltd. for the year ended 31 st March, 2025: 1) Net profit before taking into account income…
9. The following are the extract of balance sheet of P Ltd., and its subsidiary Q Ltd., as at 31 March 2024: Particulars P Ltd. ₹ Q Ltd. ₹ I Equity &…
10. On 31 st March, 2024 Delhi Branch submits the following Trial Balance to its Head Office at Mumbai: Debit Balances ₹ in lacs Furniture and Equipment…
11. A Ltd. acquired 70% equity shares of B Ltd. @ 20 per share (Face value -10) on 31 st March, 2024 at a cost of 140 lakhs. Calculate the amount of…
12. The Following is the Trial Balance of Amol Limited as on 31 st March, 2024. Particulars Amount (₹) Particulars Amount (₹) Purchases 41,47,500 Sales…
13. Meet Ltd. and Preet Ltd. were amalgamated on and from 1 st April, 2024. A new company Heer Ltd. was formed to take over the business of the existing…
14. With regard to financial statements, name any five qualitative characteristics and elements.
15. Aman started a business on 1 st April 2023 with - 24,00,000 represented by 1,20,000 units of 20 each. During the financial year ending on 31 st…
16. When capitalisation of borrowing cost should cease as per Accounting Standard 16? Explain in brief.
17. Classify the following items into Monetary and Non-monetary: Share capital; Trade Payables; Cash balance; Property, plant and equipment
18. Trade payables of CAT Ltd. include amount payable to JBB Ltd.,10,00,000 recorded at the prevailing exchange rate on the date of transaction,…
19. In the following list of shares issued, for the purpose of calculation of weighted average number of shares, from which date, weight is to be…
20. Digitex limited acquired an intellectual property at the cost of 70,00,000 (at the beginning of the year) and it meets the definition of intangible…
21. Situation 1: Expert Ltd. has depreciation amounting to 6,00,000 in its books as per accounting records and depreciation as per tax records at…
22. Hello Ltd., a company engaged in various business activities, has decided to initiate a share buy-back on 1 st April, 2023. The company plans to…
23. As per AS 2, Inventories include materials awaiting use in production process, what should be included in Inventories from the following:
24. Sargam Ltd. (the lessee) has taken machinery on lease from Dhun Ltd. (the lessor) for 13 years on annual lease payment of 50,000. The life of the…
25. Suman Ltd. acquired 1000 shares of Sarika Ltd @150 each and paid brokerage @1%. In the same financial year, Sarika Ltd. issued bonus shares at one…
26. Arzoo Ltd. is in the business of manufacture of Passenger cars and commercial vehicles. The company is working on a strategic plan to shift from the…
27. The financial statements of PQ Ltd. for the year 2024-25 approved by the Board of Directors on 15 th July, 2025. The following information was…
28. H Ltd. acquire 70% of equity share of S Ltd. as on 1 st January, 2021 at a cost of 5,00,000 when S Ltd. had an equity share capital of 5,00,000 and…
29. Alpha Ltd. has a retail shop under the supervision of a manager. The ratio of gross profit at selling price is constant at 25 per cent throughout…
30. A Ltd. has a share capital of 50,000 shares @100 per share. H Ltd. acquired 15% shares in A Ltd. on 1.4.2024. It also acquired all the 5,000, 12%…
31. The summarized Balance Sheet of Flora Limited for the year ended 31 st March, 2024 and 31 st March, 2025 are as below: Assets 31.03.2025 (₹)…
32. The summarized Balance Sheet of A Ltd. and B Ltd. as at 31 st March, 2025 are as under: Particulars A Ltd. B Ltd. Equity shares of 10 each, fully…
33. Distinguish between Amalgamation, Absorption and External Reconstruction of Company. Or Write short note on Timing difference and Permanent…
34. Whether interest expense relating to overdrafts and other operating liabilities identified to a particular segment should be included in the segment…
35. Wooden Plywood Limited has a normal wastage of 5% in the production process. During the year 2024-25, the Company used 16,000 MT of Raw material…