CPT Question Papers June

I am getting fight Common Proficiency Test at June and it’s my first CPT attempt so don’t know about exam question paper pattern can you please provide old CPT exam question paper?

[Pathak]

CPT – June 2012 Question Paper (Based on Memory) 1st Session Marks: 100 Marks Time: 2 hrs.
Correct Answers are in Bold/ Thick Type
Part A – Fundamentals Of Accounting

1. Calculate the closing stock on 31.03.2011
Particulars 31.3.2010 31.3.2011
Opening stock ` 30,000 ` 35,000
Purchases ` 3, 25,000 ` 4, 20,000
Sales ` 4, 00,000 ` 5, 00,000
The Gross profit margin remains unchanged
a. ` 35,000
b. ` 50,000
c. ` 55,000
d. ` 60,000

2. A trader calculated his profit at ` 20,000 on 31.3.2012. It is ____
a. A transaction b. An event
c. Transaction as well as event d. Neither transaction nor event

3. Tinku & Bunty entered into Joint Venture to share profits and losses in the ratio of 2:1. Tinku supplied 200
Refrigerators costing ` 2, 00,000 to Bunty, incurring freight charges of ` 10,000 Bunty sold 190 refrigerators
For ` 2, 40,000 and took over the remaining 10 refrigerators for himself. What is the amount of Profit / loss?
On Joint venture =?
a. Loss ` 40,000
b. Profit ` 30,000
c. Profit ` 40,000
d. Profit ` 40,500

For Rests of question here I am attaching a PDF file to you. To get the following PDF file you have to download it from here.

Hey, I want to appear in CAT exam will you provide me the sample paper of the CA CPT exam as I am looking for the same ?

[Quick Sam]

As you want I am here providing you sample paper of the CA CPT exam.

Sample paper:

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

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