Paper 1
Section A
Principles and Practice of Accounting
Fundamental accounting concepts, preparation of financial statements, and accounting for various business transactions.
17 papers, 10 model tests available
3 hours
Duration
100
Total Marks
40
Passing Marks
No
Negative Marking
Exam Pattern
Section A: 20 MCQs (40 marks) + Section B: Descriptive (60 marks)
Syllabus & Weightage
Accounting Process & Books of Accounts 15-20%
Bank Reconciliation Statement 10-15%
Depreciation & Inventory Valuation 15-20%
Final Accounts 20-25%
Partnership Accounts 15-20%
Company Accounts Basics 10-15%
ICAI Model Test Papers for practice - 10 tests available for May 2025 onwards.