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23rd August 2014, 08:20 AM
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Join Date: Apr 2013
Re: CPT exam last year question paper

This is the CPT exam last year question paper:

1. Which of the following should be valued
compulsory at the time of admission of a
partner______
a) Goodwill b) Plant & machinery
c) Land & Buildings d) Furniture & fillings

2. Which Accounts are used to prepare Bank
Reconciliation statement?
a) Cash column & Bank statement
b) Bank column & Bank Statement
c) Cash column & Bank Balance
d) None of the above

3. The opening stock is overstated by Rs.10,000
and closing stock is understated by Rs.15,000.
The impact on the net profit of the current
year is
a) Rs.5,000 overstated
b) Rs.25,000 overstated
c) Rs. 5,000 understated
d) Rs.25,000 understated

4. If nothing is given in the financial statements
about the three accounting assumptions then
it is to be treated as it
a) Is assumed that it is not followed
b) Is assumed to be followed
c) Is assumed to be followed to some extent
d) None of the above

5. A & B have started a Joint Venture for
purchase & Sale of garments. Initial capital
contribution was Rs.25,000 & Rs.50,000. There
is no written agreement about share of P & L
among them. They purchased garments worth
Rs.50,000 & sold for Rs.75,000, the profit to be
shared among them is
a) Rs.8,333 & Rs.16,667
b) Rs.10,000 & Rs.15,000
c) Rs.12,500 & Rs.12,500
d) Rs.20,000 & Rs.5,000
CPT exam last year question paper





Rests of the questions are in the attachment, download it freely from here:
Attached Files
File Type: pdf CPT exam last year question paper.pdf (2.97 MB, 355 views)


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