Hii sir, I Wants to get the Question Paper of the Fundamentals of Accounting of the CA CPT Examination ?

As you Asking for the Question Paper of the Fundamentals of Accounting of the CA CPT Examination the Question Paper is given below

1. Bill is drawn by Mr.Mohan on Mr. Mahesh on 30 th January 2012 for one Month, then due date of the bill is_________
a) 28thFebruary, 2012
b) 2nd March, 2012
c)3rdMarch, 2012
d) 4thMarch, 2012

2. The expenditure Rs.2,000 incurred on a tria
run of newly purchased machine is_________
a) Preliminary expenses
b)Capital expenditure
c) Revenue expenditure
d) Deferred revenue expenditure

3. Unclaimed dividend is shown under ______
a)Other current liabilities
b) Reserves & Surplus
c) Secured loans
d) Miscellaneous expenditure

4. Proprietor used a rented building both for Business purpose and as well as residence equally. The rent paid during the year for the building was Rs.1,32,000 debited to ren expenses A/c in the books of business. One
month rent is still outstanding. Liability of the business for rent outstanding ___
a) Rs.11,000 b) Rs.12,000
c) Rs.5,500 d)Rs.6,000

5. Which of the following will not affect trial Ballance?
a) Purchase book was under casted by Rs.5,000
b)White wash charges Rs.10,000 were debited to building A/c
c) Cash paid to Briz Binan Rs.500 was debited to Briz Binan A/c as Rs.5,000
d) Credit sales of Rs.2,000 to P correctly recorded in sales book but not posted to P’s account.

6. Which of the following is an event ?
a) Purchase of goods worth Rs.4,000
b) Sale of goods worth Rs.2,000
c)Closing stock worth Rs.2,000
d) Rent paid Rs.2,000

7. The normal rate of return is 20%. The total capital employed is Rs.6,00,000. The average profit is Rs.1,50,000. Calculate goodwill as the
basis of 3 years purchase of super profits.
a)Rs.90,000 b) Rs.1,20,000
c) Rs.1,00,000 d) Rs.60,000

8. Which of the following is not a contingent liability?
a) Claim against enterprises not acknowledged as debt
b) Guarantee given in respect of third parties
c) Liability in respect of bills discounted
d) Penalty imposed by excise officer for violation of provisions of Central Excise Act

9. Opening stock 400 units @ Rs.20 each. Purchases during the year 200 units @
Rs.25each. Issues – 250 units In LIFO Method, closing stock will be?
a) 8750 b)7000 c) 7750 d) 8000

10. Which of the following concept shows difference between amount of receipt and right to receive an amount?
a) Matching Concept
b) Going concern Concept
c)Accrual Concept
d) Realisation Concept

11. Balance in JLP A/c of partners is________
a) Total premium paid by the firm
b) Annual premium paid each year
c)Surrender Value
d) JLP amount - Surrender Value

12. Goods sent on sale or return basis at a cost of Rs.1 lakh. In that, 50% of goods were accepted and 30% of the goods were returned. The remaining stock was held with customer and the period not yet expired. Then closing stock
will be ________
a) 1,00,000 b) 50,000 c)20,000 d) 30,000

13. Goods costing Rs.5,000 will be distributed as wages for Rs.5,000. Market price is Rs.6,000. Journal entry is _______

a) Wages A/c Dr. 6000
To salary A/c 6000

b) Wages A/c Dr. 6000
To salaries A/c 6000

c)Wages A/c Dr. 5000
To purchases A/c 5000

d) Wages A/c Dr. 6000
To purchases 6000

14. ‘A’ has discounted 3 months bill @ 10% p.a. from bank and given credit of 11,700. On due date, the bill was dishonoured and noting charges of Rs.50 was paid by bank. The amount by which A’s A/c will be debited by
bank is__________

a) 13050 b)12050 c) 11000 d) None


15. Which of the following is true?
a) Co-venturers always share profits equally
b) They cannot be more than two co-venturers
c) The relationship between co-venturers is
Principal & Agent
d)Co-venturers may provide funds for venture

16. Proprietor’s personal expenditure not recorded in the books of accounts due to_____
a) Materiality b) Conservatism
c) Going concern d)Business entity concept

17. The debenture amount Rs.2,000 issued as collecteral security required the following Journal entry
a) Debit debenture A/c and credit debenture suspense A/c
b) Debit debenture suspense A/c and credit debenture A/c
c) Debit collateral security and credit debenture A/c
d) Debit collateral security and credit debenture suspense A/c

18. Which of the following is false with respect to debentures?
a) Companies can issue irredeemable debentures
b)Companies can issue debentures with voting rights
c) Companies can issue debentures for consideration other than cash
d) Companies can issue convertible debentures

19. Which of the following are not taken into consideration while calculating closing stock
a)Insurance of warehouse
b) Carriage
c) Octroi
d) Loading expenses

20. Cost of machinery Rs.60,000. They charged depreciation @ 20% on SLM method. In 2ndyear they decided to change method and adopt WDV method @ 20%. If machine was sold for Rs.30,000 at the end of 3rd year. Calculate the amount of loss.
a) Loss 4720 b) Loss 4560
c)Loss 720 d) Loss 560