Question Bank for CA-CPT

I have applied for the CA Common Proficiency Test (CPT) . Will you please provide the last year CA-CPT Fundamentals of Accounting exam question paper for practice ?

[Kiran Chandar]

Here I am providing the list of few questions of CA-CPT Fundamentals of Accounting exam question paper which you are looking for .

1. Capital work in progress is shown in the balance sheet under _____
a) Share capital
b) Current Assets
c) Fixed Assets
d) Current Liabilities

2. Which of the following statements is correct?
a) Goodwill is a fictitious asset
b) Patents are intangible asset
c) Debtors are current liability
d) None of the above

3. ________ is allowed by the consignor to the consignee to put hard work while introducing a new product in the market.
a) Commission on total sales
b) Del-credere commission
c) Over riding commission
d) Extra salary

4. The company decided to redeem 5000 redeemable preference shares of Rs.100 each. The company issued 2000 equity shares of Rs.100 each. The amount to be transferred to CRR is _____.
a) Rs.2,00,000
b) Rs.3,00,000
c) Rs.1,50,000
d) Rs.5,00,000

5. Which account should be credited in case of shares issued at premium?
a) Share capital account
b) Securities premium A/c
c) Share forfeiture A/c
d) Both (a) & (b)

6. Income tax demand disputed will be _____
a) Contingent liability
b) Current Liability
c) Possible Asset
d) Possible Liability

7. Goods worth Rs.100 bought from Narayan have remained unrecorded. What will be the effect of the error on trial balance.
a) No effect
b) Trial Balance Credit total will be short by Rs.100
c) Trial Balance Debit total will be short by Rs.100
d) Trial Balance Credit total will be increased by Rs.200

8. Credit balance in the ledger will be either _____ or ____
a) Assets, Revenue
b) Expenses, Assets
c) Liabilities, Revenue
d) Expenses, Liabilities

9. Which method of depreciation is approved as per the income tax rules?
a) Sinking fund method
b) Written Down Value Method
c) Annuity Method
d) None of the above

10. Capital A/c is a _______ A/c.
a) Personal
b) Real
c) Nominal
d) None

11. Cash A/c is a ________ A/c.
a) Personal
b) Real
c) Nominal
d) None

12. Which is not only a subsidiary book, but also a principal book?
a) Cash book
b) Sales book
c) Purchase book
d) Bills receivable book

13. The principle "Debit the receiver and credit the giver" is related to_____
a) Personal a/c
b) Real a/c
c) Nominal a/c
d) None

14. If shares are forfeited, Share Capital a/c is debited with ________
a) Called up face value
b) Face value
c) Paid up face value
d) none of these

15. Wages paid for erection of machinery is debited to _____
a) Machinery A/c
b) Wages A/c
c) Cash A/c
d) None of these

16. Share Premium A/c appears in the Balance Sheet under the heading.
a) Current liabilities
b) Reserves & Surplus
c) Miscellaneous expenditure
d) None of the above

17. The goods or cash taken by the proprietor for his personal use will be debited to ____
a) Expenditure a/c
b) Debtors a/c
c) Drawings a/c
d) None of these

18. Interest on drawings is a ___ to the business
a) Expenditure
b) Gain
c) Liability
d) Loss

19. If a contingent liability becomes probable, it has to be:
a) Shown in notes on accounts
b) Provided in the books of accounts
c) Ignored and no entry will be passed
d) Shown in director's report

20. Capital reserves are created out of:
a) Capital Profits
b) Profits in balance
c) Revenue profits
d) None

Hello, I am applying for the CA-CPT exam and I want to know some of the question banks name available in the market.

[Shaleen]

Hello, here I am providing the name of some of the question bank books for the preparation of the CA-CPT as under:

Question Bank with Model Test Papers (CA-CPT)
Rs. 875.00
PLC Educator's CA CPT Question Bank
Rs. 186.00
CA - CPT Entrance Exam Cracker : Mercantile Law,Accounting,Quantitativ
Rs. 225.00
QUANTITATIVE APTITUDE: For CA Common Proficiency Test CPT
Rs. 377.00
Quantitative Aptitude For CA-CPT
Rs. 500.00

Subjects max. Marks min. marks
Fundamentals of Accounting 60 18
Mercantile Laws 40 12
General Economics 50 15
Quantitative Aptitude 50 15

Sample questions asked in CPT:
Which of the following is wrong?
a)
All real and personal accounts are
transferred to balance sheet
b) Nominal accounts are transferre
d to
P & L account
c) Each account is opened separately in ledger
d)
Rent is a
personal account, out
standing rent
is nominal account
2.
In Journal Entries which pertain to outstanding
entries, prepaid entries, depreciation entries
are called
a)
Adjustment E
ntries b) Rectification Entries
c) Transfer Entries d) closing Entries
3.
In a three column cash book the discount
columns are
a) Totalled but not adjusted
b) Totalled and adjusted
c)
Totalled but not balanced
d) None of the above
4.
Cash Book O
.D. Balance Rs. 2,000. It was found
that cheques of Rs. 100, Rs. 150, Rs. 175 which
are issued but not presented till the date and
the cheque of Rs. 600 deposited but have not
been cleared, then O.D. Balance as per pass
book is :
a) Rs. 2150
b)
Rs. 2
175
c) Rs. 1475
d) Rs. 1925
5.
Bank Balance O.D. as per pass book
Rs.
26,500.
Calculate balance as per cash book is
1) Cheques deposited for
Rs.
4700
but
not
collected
2) Cheques
issued
for
Rs.
11,000
but
not
presented
3) Bill discounted and dishonou
red
Rs.
4000
,
and
Bank paid noting charges
Rs.
200
a)
Rs.
28600 O.D
b)
Rs.
16000 O.D
c)
Rs.
24000 O.D
d)
Rs.
28500 O.D


Here I am providing you the previous years papers as under: