CA CPT Sample Papers with Answers

Will you please provide me the sample papers of CA Common Proficiency Test CPT exam for preparation?

[Shaleen]

As you want the sample papers of CA Common Proficiency Test CPT exam so here I am providing you.

CA CPT exam question paper

1. Where a machine produces products of uniform size, the __________method of
depreciation is applied.
(a)Machine hour method
(b)Sinking fund method
(c)Annuity method
(d)Production units

2.A firm earns average profit of Rs.1,10,000. The normal rate of return in a similar type of
business is 10%. The value of total assets (excluding goodwill) and total outside liabilities are Rs.11,00,000 and Rs.1,00,000 respectively. The value of goodwill by capitalisation method is
(a) Rs.1,00,000
(b) Rs.10,00,000
(c) Nil
(d) None of the above

3.Under _______________________, the premium paid a treated as an ordinary expense and joint Life policy does not appear as an asset in the Balance Sheet of the firm.
(a)Ordinary Business Expense method
(b)Surrender Value method
(c)Joint Life Policy Reserve method
(d)Sinking Fund method

4. Which of the following is not the
feature of a company?
(a)Separate legal entity
(b)Perpetual existence
(c)Incorporated association
(d)No separation between management and ownership






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