ICWAI last year question papers of Financial Accounting in PDF format

Will you please share with me the ICWAI last year question papers of Financial Accounting in PDF format?

[Arun Vats]

As you want to get the ICWAI last year question papers of Financial Accounting in PDF format so here it is for you:

Some content of the file has been given here:

Question 1.
Describe about the Accounting Cycle. (2)

Question 2.
(i) Provisions contained in the Accounting Standard in respect of Revaluation of fixed assets.
(ii) Extraordinary Items to be disclosed as per the Accounting Standard. (2+2)

Question 3.
(i) Describe the reasons for differences between Cash Book and Pass Book.
(ii) D’s Cash Book shows an overdrawn position of `3,630 on 31.03.2013, though the bank Statement shows only
`3,378 overdrawn. Detailed examination of two records revealed the following:
(a) A cheque for `1,560 in favour of Rath Associates has been omitted by the Bank from its statement, thus,
cheque having been debited to another customer’s account.
(b) The debit side of owned book has been under caste by `300.
(c) A cheque for `182 drawn in payment of electricity amount had been entered in the cash Book on `128 &
was shown correctly in the bank statement.
(d) A cheque for `210 from S. Gupta having been paid into Bank, was dishonoured & shown as such on Bank
statement, although no entry relating to dishonoured had been made in Cash Book.
(e) The Bank had debited a cheque for `126 to D’s A/c, in error. It should have debited to Sukhal’s A/c.
(f) A dividend of `90 on D’s holding of equity shares has been duly shown by bank, no entry has been made
in cash book.
(g) A lodgement of `1,080 on 31.03.2013 had not been credited by Bank.
(h) Interest on `228 had been directly debited by Bank not recorded in Cash Book.
You are required to prepare a Bank reconciliation statement after necessary amendment in cash book as on
31.03.2013. (2+2)

Section B : Preparation of Accounts

Question 4.
(i) State the factors affecting the measurement of depreciation.
(ii) Ram Ltd. which depreciates its machinery at 10% p.a. on Diminishing Balance Method, had on 1st January,
1012 `9,72,000 on the debit side of Machinery Account.
During the year 2012 machinery purchased on 1st January, 2010 for `80,000 was sold for `45,000 on 1st July, 2012
and a new machinery at a cost of `1,50,000 was purchased and installed on the same date, installation changes
being `8,000.
The company wanted to change the method of depreciation from Diminishing Balance method to Straight Line
Method with effect from 1st January, 2009. Difference of depreciation up to 31st December, 2012 to be adjusted.
The rate of depreciation remains the same as before. Show Machinery Account. (1.5 + 3.5)









For more detailed information I am uploading a PDF file which is free to download:

Contact Details:
The Institute Of Cost Accountants Of India
Patrakar Puram Rd,
Vikas Khand 1,
Vikas Khand,
Gomti Nagar,
Lucknow,
Uttar Pradesh 226010 ‎
India

Map Location:
[MAP]https://www.google.co.in/maps?q=The+Institute+Of+Cost+Accountants+Of+India, +Patrakar+Puram+Road,+Vikas+Khand+1,+Vikas+Khand,+ Gomti+Nagar+Extension,+Lucknow,+Uttar+Pradesh,+Ind ia&hl=en&ll=26.853192,80.995653&spn=0.009668,0.013 046&sll=13.067418,80.283237&sspn=0.010556,0.013046 &oq=The+Institute+of+Cost+Accountants+of+India&hq= The+Institute+Of+Cost+Accountants+Of+India,+Patrak ar+Puram+Road,+Vikas+Khand+1,+Vikas+Khand,+Gomti+N agar+Extension,+Lucknow,+Uttar+Pradesh,+India&t=m& z=16&iwloc=A[/MAP]

I am looking for Last Year Question Papers (Financial Accounting) of ICWAI so please provide me the same for preparation?

[Arun Vats]

ICWAI (Institute of Cost and Works Accountants of India) is an accountancy body and is involved in finding out scientific methods in cost and accountancy.

Duration of Exam:
3 hours

Marks Distribution:
Total marks for the financial accounting paper: 100
6 questions to be attempted
First question carries 25 marks and rest questions carries 15 marks


Last Year Question Papers (Financial Accounting) of ICWAI:








for more detailed paper here i am attaching pdf files please download it.........