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CA CPT : Volume 1 - Model Test Paper 3 (with Answers)

30 pages, 200 questions, 6 questions with responses, 6 total responses,

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BOARD OF STUDIES THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA COMMON PROFICIENCY TEST Model Test Paper BOS/CPT 3 Time : 4 hours Maximum Marks : 200 The test is divided into four sections. Every correct answer carries + 1 mark each and 0.25 mark will be deducted for each wrong answer. SECTION A : FUNDAMENTALS OF ACCOUNTING (60 MARKS) 1. All of the following are functions of Accounting except (a) (c) 2. Measurement Ledger posting Ascertain the profit or loss on the goods produced Ascertain the cost of the manufactured goods Show the sale proceeds from the goods produced during the year Both (b) and (c). On March 31, 2010 after sale of goods worth Rs. 2,000, he is left with the closing inventory of Rs. 10,000. This is (a) (c) 4. (b) (d) Manufacturing account is prepared to (a) (b) (c) (d) 3. Decision making Forecasting An event A transaction as well as an event (b) (d) A transaction Neither a transaction nor an event Financial statements only consider (a) (b) (c) (d) Assets expressed in monetary terms Liabilities expressed in monetary terms Assets expressed in non-monetary terms Assets and liabilities expressed in monetary terms Common Proficiency Test (CPT) Volume - I The Institute of Chartered Accountants of India 57

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Additional Info : Chartered Accountancy ICAI India : Common Proficiency Test CPT - Volume 1, Model Test Paper 3 with Answers
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