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

How to Prepare for CA Intermediate Advanced Accounting

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Question directory and available solutions

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

1. SBHA Ltd deals in business of manufacturing, purchase and sale of rice. The company has around 56 acres of land as part of its property, plant and…
2. A Ltd. has a balance of ₹ 17,15,000 in the loan account with State Finance Corporation which is inclusive of ₹ 1,15,000 for interest accrued but not…
3. 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…
4. On April 1, 2022, Hello Limited approached a software company for implementation of SAP ERP at its organisation. The cost of implementation of SAP…
5. Asteria Ltd., a listed company with equity share capital of ₹ 6,000 lakh and free reserves of ₹ 10,000 lakh as per the latest audited balance sheet,…
6. In the books of G Ltd., closing inventory as at 31.03.2026 amounts to ₹10,40,000 (on the basis of FIFO method). The company decides to change from…
7. Kumar Ltd. purchased on 1st April, 2025 8% convertible debenture in Hello Ltd. of face value of ₹ 2,00,000 @ ₹ 108. On 1st July, 2025 Kumar Ltd.…
8. A company incorporated in June 2026, has setup a factory within a period of 8 months with borrowed funds. The construction period of the assets had…
9. You are required to prepare a Balance Sheet as at 31st March 2026, as per Schedule III of the Companies Act, 2013, from the following information of…
10. Grace Limited acquired business (cash-generating units) of Venus Limited on 31st March 2023 for ₹ 8,000 Lakhs. The details of acquisition are as…
11. Answer the following with respect to AS 18: (i) ABC Ltd. sold goods of ₹ 2,00,000 to its associate company for the 1stquarter ending 30.06.2025.…
12. X Ltd. and Y Ltd. had been carrying on business independently. They agreed to amalgamate and form a new company XY Ltd. with an authorized share…
13. Star Ltd. and its subsidiary Moon Ltd. Give the following information as on 31st March, 2026: Star Ltd. (₹) Moon Ltd. (₹) Share Capital Equity Share…
14. "How will interest be capitalised when qualifying assets are funded by borrowings in the nature of bonds that are issued at a discount? OR An entity…
15. Following is the cash flow abstract of Alpha Ltd. for the year ended 31st March, 2026: Cash Flow (Abstract) Inflows ₹ Outflows ₹ Opening cash and…
16. M/s Shrikant operates a number of retail outlets to which goods are invoiced at wholesale price which is cost plus 25%. These outlets sell the goods…
17. A Limited had acquired an item of Property, Plant and Equipment on 1 st April, 2022 for ₹ 48,000 lakhs. The following are the estimates of cash…
18. A Limited, an Indian company listed on the National Stock Exchange, is engaged in various businesses. Its tourism business sells holiday packages to…
19. Vivid Textiles Ltd. prepares its financial statements on the assumption that it will continue its operations for the foreseeable future, with…
20. Raman & Co., a partnership firm, is preparing its financial statements. The accountant says that since the firm is not a company, Accounting…
21. Omega Ltd. is preparing its financial statements. A transaction is covered by a specific Accounting Standard, but the finance manager believes that…
22. Ketan Private Limited has entered into a finance lease agreement with Mehra Ltd. for acquiring machinery. The lease term is four years, and the…
23. Accountants of Vaibhav Ltd. showed a net profit of ₹ 9,50,000 for the second quarter of 2026 after incorporating the following: (i) Bad debts of ₹…
24. Zenith Consultancy Ltd. is a mid-sized professional services firm engaged in providing consulting services in the areas of taxation, audit, and…
25. A Ltd., a UK-based company, entered into a joint venture with B Ltd. in India, wherein B Ltd. will import the goods manufactured by A Ltd. on…
26. "A change in the amount of cash does not always represent a cash flow." Explain this statement with reference to foreign currency cash/cash…
27. Trident Ltd. holds 85% of the equity shares of Ganga Ltd. Trident Ltd. also directly holds 12% of the equity shares of Yamuna Ltd. Additionally,…
28. A Ltd. has entered into a binding agreement with Gamma Ltd. to buy a custom-made machine ₹ 1,00,000. At the end of 2025-26, before delivery of the…
29. The following are the Balance Sheets of Yes Ltd. and No Ltd. as at 31 st March, 2026: Particulars Notes Yes Ltd (₹ in crores) No Ltd. (₹ in crores)…
30. Following is the Trial Balance as on 31 st December, 2026 of the Cambridge Branch of Harry Limited whose Head Office is situated at Pune, India. Dre…
31. The following is the Trial Balance of Radiant Limited as on 31 st March, 2026: Particulars Dr. (₹/ lakhs) Particulars Cr. (₹/ lakhs) Land at Cost…
32. What are the key disclosure requirements for MSMEs availing exemptions under Accounting Standards? OR Give examples of areas where accounting…
33. In the financial statements of the financial year 2023-2024, Alpha Ltd. has mentioned in the notes to accounts that during financial year, 24,000…
34. Indicate in each case whether revenue can be recognized and when it will be recognized as per AS-9. (1) Trade discount and volume rebate received.…