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CA CPT : Volume 2 - Model Test Paper 4 (with Answers & Explanations)

42 pages, 200 questions, 0 questions with responses, 0 total responses,

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BOARD OF STUDIES THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA COMMON PROFICIENCY TEST Model Test Paper BOS/CPT 4 Time : 4 hours Maximum Marks : 200 The test is divided into four sections. Questions 1 to 200 have only one correct answer and carry + 1mark for each correct answer and 0.25 mark for each wrong answer. SECTION A : FUNDAMENTALS OF ACCOUNTING (60 MARKS) 1. Which error cannot be revealed on the preparation of trial balance? (a) (b) (c) (d) 2. A change in accounting policy is justified (a) (b) (c) (d) 3. To comply with accounting standard To ensure more appropriate presentation of the financial statement of the enterprise To comply with law All of the above. The determination of expenses for an accounting period is based on the principle of (a) (c) 4. Wrong totaling of account Compensatory error Error of commission Wrong balancing of an account Periodicity Materiality (b) (d) Matching Both (a) & (b) In the case of downward revaluation of an asset, which is for the first time revalued, ................account is debited. (a) (c) Fixed Asset Profit and Loss A/c 83 Common Proficiency Test (CPT) Volume - II The Institute of Chartered Accountants of India (b) (d) Revaluation Reserve General Reserve 83

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Tags : CA CPT 2017-2018, sample / model / mock / past / previous / old / online test papers, fundamentals of accounting, accounts, accountancy, mercantile laws, business law, general economics, micro / macro economics, indian economic development, quantitative aptitude, maths, mathematics, Common Proficiency Test.

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