CA 2019

CA Foundation Math & Economics Exam Mock Test Series May 2019

CA Foundation - New Entry Scheme The Institute of Chartered Accountants of India (ICAI) launched it's new plan to make the entry-level in the form of CA Foundation. CA Foundation Course  

Eligibility to enter in CA Foundation	After appearing in the 10+2 (12th) examination you would be eligible to get register in CA Foundation
Apply and fill Form Online	Through the ICAI portal.
Study Period	After registration you would have 4 months period to prepare yourself
Coming CA Foundation Exam	IT would be held in May 2019
Syllabus	Paper 1: Principles and Practice of Accounting.
	Paper 2: Business Laws & Business Correspondence and Reporting.
	Paper 3: Business Mathematics and Logical Reasoning &Statistics.
	Paper 4: Business Economics & Business and Commercial Knowledge: -
	Part I: Business Economics
	Part II: Business and Commercial Knowledge
Subjective Papers	Paper 1: Principles and Practice of Accounting.
	Paper 2: Business Laws & Business Correspondence and Reporting.
Multiple Objective Questions based Papers	Paper 3: Business Mathematics and Logical Reasoning &Statistics.
	Paper 4: Business Economics & Business and Commercial Knowledge: -
	Part I: Business Economics
	Part II: Business and Commercial Knowledge

CA Foundation Course for Exam to be held in May 2019 PAPER - 1 : PRINCIPLES AND PRACTICE OF ACCOUNTING

(One paper - Three hours - 100 Marks)

Objective: To develop an understanding of the basic concepts and principles of Accounting and acquire the ability to apply the same in preparing financial statements, computing accounting ratios and simple problem solving. Contents:

1. Theoretical Framework
   • Meaning and Scope of accounting
   • Accounting Concepts, Principles and Conventions
   • Accounting terminology - Glossary
   • Capital and revenue expenditure, Capital and revenue receipts, Contingent assets and contingent liabilities
   • Accounting Policies
   • Accounting as  a Measurement Discipline -  Valuation Principles, Accounting
   • Accounting Standards - Concepts and
   • Indian Accounting Standards - Concepts and Objectives .
2. Accounting Process
   • Books of Accounts
   • Preparation of Trial Balance
   • Rectification of
3. Bank Reconciliation Statement

Introduction, reasons, preparation of bank reconciliation statement.

4. Inventories

Cost of inventory, Net realizable value, Basis and technique of inventory valuation and record keeping.

5. Concept and Accounting of Depreciation

Concepts, Methods of computation and accounting treatment of depreciation, Change in depreciation methods.

6. Accounting for Special Transactions

{i)     Bills of exchange and promissory notes Meaning of Bills of Exchange and Promissory Notes and their Accounting Treatment; Accommodation bills. {ii)    Sale of goods on approval or return basis Meaning of goods sent on approval or return basis and accounting treatment. {iii) Consignments Meaning and Features of consignment business, Difference between sale and consignment, Accounting treatments for consignment transactions and events in the books of consignor and consignee. {iv) Joint Ventures for non-corporate entities Meaning and Features of joint venture transactions, Distinction between joint venture and partnership, Methods of maintaining joint venture accounts. {v)   Royalty accounts Meaning of the term "Royalty" and Accounting Treatment thereof. {vi) Average due Date Meaning, Calculation of average due date in various situations. {vii) Account Current Meaning of Account Current, Methods of preparing Account Current.

7. Final Accounts of Sole Proprietors

Elements of financial statements, Closing Adjustment Entries, Trading Account , Profit and Loss Account and Balance Sheet of Manufacturing and Non-manufacturing entities.

8. Partnership Accounts
   • Final Accounts of Partnership Firms
   • Admiss ion, Retirement and Death of a Partner including Treatment of Goodwill
   • Introduction to LLPs and Distinction of LLPs from

9. Financial Statements of Not-for-Profit Organizations

Significance of Receipt and Payment Account, Income and Expenditure Account and Balance Sheet, Difference between Profit and Loss Account and Income and Expenditure Account. Preparation of Receipt and Payment Account, Income and Expenditure Account and Balance Sheet.

10. Introduction to Company Accounts
    • Definition of shares and debentures
    • Issue of shares and debentures, forfeiture of shares, re-issue of forfeited shares
    • Statement of Profit and Loss and Balance Sheet as per Schedule Ill to the Companies Act,
11. Basic Accounting Ratios (profitability, solvency, liquidity and turnover)

Download Complete Syllabus of CA Foundation May 2019    

CA Foundation is the new entrance level for the Chartered Accountancy (CA) course in India. Earlier it was known as CPT (Common Proficiency Test). CA Foundation is partially subjective and partially objective test consisting of 400 marks. Admire the eight subjects in CA Foundation given as follows -

1. Principles and Practices of Accounting.
2. Business Laws and Business Correspondence and Reporting.
3. Business Mathematics and Logical Reasoning & Statistics.Click Here
4. Business Economics & Business and Commercial Knowledge. Click Here

The above two papers First one is Principles and Practices of Accounting Business Laws and Second one is Business Correspondence and Reporting are subjective while the later two Like as Business Mathematics and Logical Reasoning & Statistics and Business Economics & Business and Commercial Knowledge are objective. Objective papers  contains negative marking i.e. for each wrong answer 0.25 mark gets deducted and for each correct answer one mark is given. Candidates are required to obtain 40% marks in each paper and 50% marks in aggregate of all the papers.

CA Foundation Math Solutions – Clear Initial Stage to Become a full-fledged Chartered Accountant. Mybookswala.in has all required complete package for your preparation. Test papers related to topics, course, chapter and latest pattern, all are available here with proper calculation. HELP DESK FACILITY is also available on website for personal queries. Only mybookswala.in such a online platform, where you can find out solutions of your all problems related to CA Foundation Math (i.e. PAPER – 3: BUSINESS MATHEMATICS, LOGICAL REASONING AND STATISTICS) Paper that is a crucial and main subject seeking your competency to go further ahead to become a full-fledged Chartered Accountant.