Accounting Chapter Wise MCQ
Practice 501 MCQs organized by chapter from official ICAI Study Material. All 10 chapters covered with answers and detailed explanations.
✓ New Syllabus (May 2026 onwards) • View ICAI Source
MCQs: 0 | Accuracy: 0%
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Theoretical Framework
Meaning and scope of accounting, accounting concepts, principles, conventions, capital and revenue expenditure, contingent assets/liabilities, accounting policies, standards
102 MCQs
Accounting Process
Journal entries, ledgers, trial balance, subsidiary books, cash book, rectification of errors
94 MCQs
Bank Reconciliation Statement
Preparation of BRS, causes of difference between cash book and pass book balances
28 MCQs
Inventories
Valuation of inventories, FIFO, weighted average, specific identification methods
32 MCQs
Depreciation and Amortisation
Straight line, written down value, sum of years digits methods, intangible assets
37 MCQs
Bills of Exchange and Promissory Notes
Drawing, accepting, endorsing, discounting, dishonour, renewal of bills
26 MCQs
Final Accounts of Sole Proprietors
Trading account, profit and loss account, balance sheet, adjustments, manufacturing account
44 MCQs
Financial Statements of Not-for-Profit Organisations
Receipts and payments account, income and expenditure account, balance sheet of NPOs
26 MCQs
Accounts from Incomplete Records
Statement of affairs method, conversion method, single entry system
11 MCQs
Partnership and LLP Accounts
Partnership fundamentals, goodwill, admission, retirement, death of partner, dissolution
101 MCQs
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Frequently Asked Questions
How many chapters are in CA Foundation Accounting?
CA Foundation Accounting (Paper 1) has 10 chapters covering topics like Theoretical Framework, Accounting Process, Bank Reconciliation, Inventories, Depreciation, Bills of Exchange, Final Accounts, NPO Accounts, Incomplete Records, and Partnership Accounts.
How many MCQs are available for practice?
There are 501 MCQs available for practice, extracted from the official ICAI Study Material. These cover all 10 chapters of the Accounting syllabus with answers and detailed explanations.
Are these MCQs from ICAI Study Material?
Yes, all MCQs are extracted from the official ICAI Study Material for CA Foundation Paper 1 (Accounting). These are the "Test Your Knowledge" questions provided by ICAI in each chapter, from the May 2026 onwards edition.
What is the exam pattern for CA Foundation Accounting?
CA Foundation Paper 1 (Accounting) consists of 100 MCQs to be completed in 2 hours. Each MCQ is worth 1 mark with no negative marking. The paper covers all 10 chapters of the Accounting syllabus.
Which chapters have the highest weightage?
The highest weightage chapters are: Partnership and LLP Accounts (Chapter 10), Theoretical Framework (Chapter 1), and Accounting Process (Chapter 2). Together these account for over 50% of the paper. Focus on these for maximum marks.