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CA CPT Download |
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Re: CA CPT Download
As you Asking for the Question Paper of the Funamentals Of Accounting Paper of the CA CPT Examination the Question Paper is given below PART A FUNAMENTALS OF ACCOUNTING 1.JOURNAL 1. Goods worth Rs.2,000 were distributed as free samples in the market. The journal entry will be ________ a) Drawing A/c Dr.2,000 To Purchases A/c 2,000 b) Sales A/c Dr.2,000 To Cash A/c 2,000 c) Advertisement A/c Dr.2,000 To Purchases A/c 2,000 d) No entry 2.If goods are sold but not delivered to the customer, they will be included in ______ a) Closing inventory b)Goods in transit c) Sales d) Sales returns 3.Johnny purchased goods of Rs.5,000 for cash at 20% trade discount and 5% cash discou Purchases A/c is to be debited by Rs.______ a) 3 800 b) 5 000 c) 3 750 d) 4:-0002. LEDGER 4.In the ledger an account shows credit balance at the end of the year. This balance is shown as a) To Balance c/d on the debit side b) By Balance c/d on the credit side c) To Balance b/d on the debit side d) By Balance b/d on the credit side 5. BANK RECONCILIATION STATEMENT 5.Bank Reconciliation Statement is used to show the difference between the balances of a) Cash columns of Cashbook & Passbook b) Bank columns of Cashbook & Passbook c) Cash columns of Cashbook & Bank columns of Cashbook d) None of the above 6.Debit balance as per Cash Book of Axe Ltd. As on 31.3.2016 is Rs. 2,000. Cheques deposited but not cleared amounts to Rs. 100 and Cheques issued but not presented of Rs. 150.The bank allowed interest amounting Rs. 100 and collected dividend Rs. 50 on behalf of Axe Ltd. Balance as per Pass Book should be a) Rs. 1,700 b) Rs. 2,000 c) Rs. 2,100 d) Rs. 2,200 7. FINAl ACCOUNTS I 7.Average inventory = Rs.30,000. Closing Inventory is Rs. 5,000 more than opening inventory.Then the value of closing inventory will be a) Rs.32,500 b) Rs.35,000 c) Rs.30,000 d) Rs.60,000 8.At the time of finalization of Financial Statements, Bad debts written off are to be refeerred to Prosions a)Pro isions b) Reserves c)Capital A/c d)Profit & Loss A/c 9)from the following find out the coorect equation A=Opening Inventory B=Purchase C=Closing Inventory D=Cost of goods sold a) D-A=B+C b)A+B=D-C c)A-C=D+B d)A+B=C+D 10)Genral manger gets 6% Comission On net Profit After Charging Such Comission.Gross Profit after RS 60,000 and Other Indirect expenses other than Managers Comission are Rs 70000.Comission. a)3000 b)3396 c)3500 d)None Of the above 11)A decrease in the provision for doubtful debts would result in: a) An increase in liabilities. b) A decrease in working capital. c) A decrease in net profit. d) An increase in net profit. 12)Capital at the end of the year Rs.5,00,000 Drawings during the year Rs.50,000 Profit for the year Rs.1,00,000 Interest on opening capital @ 10% per annum will be a) 50,000 b) 5,50,000 c) 45,000 d) 55,000 13)An amount of Rs.68,000 was paid on 3/3/17 for advertisement in a newspaper. This was published in the newspaper on 3/4/17. This expenditure will be shown as __ a) Liability in the balance sheet on 31/3/17 b) Prepaid expenses on the assets side of Balance Sheet on 31/3/17 c) An expense in the Profit and Loss A/c for the year ended 31/3/17 d) None of the above 14)Opening capital = Rs.5,00,000 Drawings = Rs.1,20,00Assets = Rs.8,500 Liabilities =Rs.75,00 Closing Capital & Profit will be Rs._ a) 8,50,000 & 3,95,000 b) 7,75,000 & 3,95,000 c) 7,75,000 & 1,55,000 d) 8,50,000 & 3,55,000 15)Goods of the sale price of Rs.8000 were sent to a customer on sale or return basis. Till the end of the year the goods were neither returned nor approved. The profit is 25% on cost. The inventory with customer to be included to the closing inventory of the trader will be Rs a)6400 b)7000 c)6000 d)6500 9. BlllS Of EXCHANGE & PROMISSORY NOTE 16)A bill Of Rs 40000 was discounted by p with his bank for 39000 at maturilty the bill returned dishonoured noting charges amounted to 500 how much amount will the bank deduct from ps bank balance at he time of such dishonour? a)Rs40000 b)Rs39000 c)Rs 39500 d) 40500 17)X draws a bill On 1/04/16 for 60000 for 3 months y accepted it 2/02/16.the bill was discounted on 2/05/06 @ 12% p.a the amount of discounted will be rs a)1800 b)1200 C)600 d)1300 18)A draws a bill on B for Rs 100000 for 3 months.the bill was discounted wiht bnak at 15 % p.a half of the proceeeds are remitted to B.the amount received by B will be Rs a)33334 b)25000 c)30000 d)48125 19)While preparing BRS mr x Found that a bil of exchange for rs 5000 which was discounted with bank was dishonoured and the bank paid nothing of rs 100.the entry required in the books of X will be a) customer A/c Dr 5100 to bank A/C 5100 b)Customer A/C DR. 5000 To Bank Charges A?c 100 C)Customer A/c Dr 5000 Bank Charges ac dr 100 to bank a/c 5100 D)Customer A/c DR 5100 To Bank A/c Dr 5100 To Bank A/c 5000 To Bank Chartges A/c 100 10. CONSIGNMENT 20)If consignor draws a bill on consignee and discounted it with the banker, the discounting charges will be debited in a)general p/l/c b)consignment a/c c)consignee a/c d)trade receivable a/c 21 )Rishi of kolkata consigned goods costing rs 50000 to zenith of mumbai at cost + 20% 10% of the goods wre lost in transit 70% of the goods were sold at 15% above invoice price amount of sales will be rs a)37,800 b)36,000 c)43,470 d)44,370 |