CA Foundation  >  CA-CPT Question Paper December - 2013(Session 1) Download as PDF

CA-CPT Question Paper December - 2013(Session 1)


Test Description

100 Questions MCQ Test | CA-CPT Question Paper December - 2013(Session 1)

CA-CPT Question Paper December - 2013(Session 1) for CA Foundation 2022 is part of CA Foundation preparation. The CA-CPT Question Paper December - 2013(Session 1) questions and answers have been prepared according to the CA Foundation exam syllabus.The CA-CPT Question Paper December - 2013(Session 1) MCQs are made for CA Foundation 2022 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for CA-CPT Question Paper December - 2013(Session 1) below.
Solutions of CA-CPT Question Paper December - 2013(Session 1) questions in English are available as part of our course for CA Foundation & CA-CPT Question Paper December - 2013(Session 1) solutions in Hindi for CA Foundation course. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free. Attempt CA-CPT Question Paper December - 2013(Session 1) | 100 questions in 120 minutes | Mock test for CA Foundation preparation | Free important questions MCQ to study for CA Foundation Exam | Download free PDF with solutions
1 Crore+ students have signed up on EduRev. Have you?
CA-CPT Question Paper December - 2013(Session 1) - Question 1

What are the options available to the holder o fa bill in the bills of exchange (Besides retaining the bill, till the due date)?

CA-CPT Question Paper December - 2013(Session 1) - Question 2

Which of the following should be valued compulsory at the time of admission of apartner______

CA-CPT Question Paper December - 2013(Session 1) - Question 3

Which Accounts are used to prepare Bank Reconciliation statement?

CA-CPT Question Paper December - 2013(Session 1) - Question 4

The opening stock is overstated by Rs.10,000 and closing stock is understated by Rs.15,000. The impact on the net profit of the current year is

CA-CPT Question Paper December - 2013(Session 1) - Question 5

If nothing is given in the financial statements about the three accounting assumptions then it is to be treated as it

CA-CPT Question Paper December - 2013(Session 1) - Question 6

A & B have started a Joint Venture for purchase & Sale of garments. Initial capital contribution was Rs.25,000 & Rs.50,000. There is no written agreement about share of P & Lamong them. They purchased garments worth Rs.50,000 & sold for Rs.75,000, the profit to be shared among them is

CA-CPT Question Paper December - 2013(Session 1) - Question 7

Preference shares can be redeemed, unless they are

CA-CPT Question Paper December - 2013(Session 1) - Question 8

On 1st April, Mr.A sold goods of Rs.10,000 to Band drew a bill for 3 months. Mr. A discounted the bill with bank at 15%. Amount of discount will be?

CA-CPT Question Paper December - 2013(Session 1) - Question 9

Underwriting commission will not be paid on shares taken by

CA-CPT Question Paper December - 2013(Session 1) - Question 10

Renewal fee of patents is a ____ expenditure.

CA-CPT Question Paper December - 2013(Session 1) - Question 11

A & B are equal partners. They admitted ‘C’ for  share. The new Ratio of A & B is

CA-CPT Question Paper December - 2013(Session 1) - Question 12

The proprietor of the business is treated as creditor for the capital introduced by him due to_____ concept.

CA-CPT Question Paper December - 2013(Session 1) - Question 13

Where a machine produces products of uniform size, the method of depreciation to be applied ______

CA-CPT Question Paper December - 2013(Session 1) - Question 14

Debentures are shown under the heading____

CA-CPT Question Paper December - 2013(Session 1) - Question 15

Fixed assets are held by business for _____

CA-CPT Question Paper December - 2013(Session 1) - Question 16

Net realizable value is _______

CA-CPT Question Paper December - 2013(Session 1) - Question 17

In Joint Venture the minimum number of co-ventureres is :

CA-CPT Question Paper December - 2013(Session 1) - Question 18

Retirement of a Bill means _____

CA-CPT Question Paper December - 2013(Session 1) - Question 19

A Bill is Discounted Rs.10,000. Where is it shown at the time of preparation of balance sheet?

CA-CPT Question Paper December - 2013(Session 1) - Question 20

Expenditure spend for Increasing the cinema hall seats is called_____

CA-CPT Question Paper December - 2013(Session 1) - Question 21

Which of the following is the meaning for the entry recorded in the machinery A/c?

  Dr                    Machienry A/c                 Cr

CA-CPT Question Paper December - 2013(Session 1) - Question 22

Which accounting concept specifies the practice of crediting closing stock to the trading account?

CA-CPT Question Paper December - 2013(Session 1) - Question 23

A LTD before commencing business, can it issue the shares at discount?

CA-CPT Question Paper December - 2013(Session 1) - Question 24

In Balance sheet ______ is not shown

CA-CPT Question Paper December - 2013(Session 1) - Question 25

Provision for depreciation A/c is created bydebiting to

CA-CPT Question Paper December - 2013(Session 1) - Question 26

Amount spent to increasing the earning capacity is a ______ expenditure

CA-CPT Question Paper December - 2013(Session 1) - Question 27

Which of the following is true?

CA-CPT Question Paper December - 2013(Session 1) - Question 28

Change in the capital A/c of proprietor may occur due to ______

CA-CPT Question Paper December - 2013(Session 1) - Question 29

If the goods sent on approval, two vehicles of Rs.55,000 each, are recorded as Rs.75,000 each, then the cost of goods lying with customers is

CA-CPT Question Paper December - 2013(Session 1) - Question 30

Which of the following is not correct for debentures Issue?

CA-CPT Question Paper December - 2013(Session 1) - Question 31

Goods purchased costing Rs.60,000 and cash paid Rs.45,000 after receipt of a cash discount Rs.9,000. What is the percentage of trade discount got___

CA-CPT Question Paper December - 2013(Session 1) - Question 32

_____ is prepared to as certain the arithmetical accuracy of posting & balancing of accounts.

CA-CPT Question Paper December - 2013(Session 1) - Question 33

If depreciation is charged at a fixed rate, then depreciation in SLM method, when compared to WDV is

CA-CPT Question Paper December - 2013(Session 1) - Question 34

Consistency with reference to application of accounting procedures means

CA-CPT Question Paper December - 2013(Session 1) - Question 35

The manager earned a commission of Rs.25,000, which is based on 10% of Net Profit. If sales is Rs.3,50,000 is more than purchases. No opening & closing stock. Find Direct & Indirect expenses?

CA-CPT Question Paper December - 2013(Session 1) - Question 36

Which is not a feature of company

CA-CPT Question Paper December - 2013(Session 1) - Question 37

Delcredere commission 10% is to be calculated on Rs.1,00,000 of cash sales and on Rs.50,000 of credit sales, then the commission will be

CA-CPT Question Paper December - 2013(Session 1) - Question 38

For a depreciable asset, obsolescence is due to

CA-CPT Question Paper December - 2013(Session 1) - Question 39

Salaries paid Rs.4,500 is shown on credit sideof Trail Balance. The Debit side of Trial Balance will be ______

CA-CPT Question Paper December - 2013(Session 1) - Question 40

The value of inventory as on Apr.04 is Rs.1,60,000. The following transactions takes place during Apl.01 to Apl.04. The value of stock sold is Rs.40,000. The mode of sale is as follows:-

i) The damaged goods are sold for Rs.15,000,Sold at 25% below cost.

ii) The remaining goods are sold at cost plus25%.The value of stock as on 31st March is(Damaged goods valued at NRV) ______

CA-CPT Question Paper December - 2013(Session 1) - Question 41

An Asset purchased for Rs.60,000 and paidRs.10,000 and remaining amount is payable in installments. This effect leads to ______

CA-CPT Question Paper December - 2013(Session 1) - Question 42

A company issued shares for 5,000 but applications are received for 7,500 shares. Mr.X applied for 600 shares. How many shares hewill get & how much amount is transferred to allotment money, where application money is Rs.3 per share?

CA-CPT Question Paper December - 2013(Session 1) - Question 43

On 31-03-13 balance of Cash book is Rs.7,074(Credit), balance as per bank statement is Rs.3,159 (Debit). On scrutiny it was found that,it was due to cheques issued but not yet presented.Bank balance on 31-03-13 to be shown in Balance sheet is _____

CA-CPT Question Paper December - 2013(Session 1) - Question 44

Karthik and Dhoni entered into Joint venture,sharing profits & Losses in the Ratio of 2:1.Karthik purchased goods Rs.2,00,000 and entitled to 1% commission on purchases.Dhoni sold goods for Rs.2,50,000 and entitled to get a commission 5% on sales. The profit onventure will be _____

CA-CPT Question Paper December - 2013(Session 1) - Question 45

______ method is used when repairs and Maintenance goes on increase.

CA-CPT Question Paper December - 2013(Session 1) - Question 46

Wages paid Rs.2,500 for Installation of new machinery wrongly debited to wages A/c instead of machinery A/c. It is an error of ____

CA-CPT Question Paper December - 2013(Session 1) - Question 47

Which of the following are current assets?

1) Accounts receivable

2) Salaries paid-in-advance

3) Bank Loan for 3 years

4) Preliminary expenses

CA-CPT Question Paper December - 2013(Session 1) - Question 48

Overriding commission is a commission, tha tis____

CA-CPT Question Paper December - 2013(Session 1) - Question 49

On 31-3-13, prepaid expenses A/c (2012-13) shows a closing balance of Rs.5,000. It means

CA-CPT Question Paper December - 2013(Session 1) - Question 50

Petty cash book is used to record ____

CA-CPT Question Paper December - 2013(Session 1) - Question 51

Ram Ltd. has issued 15% Debentures of Rs.20,00,000 at a Discount of 10% on April,2012. The company pays interest half yearly onJune 30th & Dec 31st every year. On March 31st,2013. The amount shown as interest  accrued is______

CA-CPT Question Paper December - 2013(Session 1) - Question 52

In Profit & Loss a/c, Selling & Distribution expenses does not include______

CA-CPT Question Paper December - 2013(Session 1) - Question 53

The credit balance as per pass book of ‘X’ was Rs.65,000. Cheques issued but not paid Rs.75,800.Cheques deposited by one of the customers ofbank but wrongly credited in ‘X’ A/c Rs.20,600.The balance as per cash book is _____

CA-CPT Question Paper December - 2013(Session 1) - Question 54

Rectification of errors are first entered in:

CA-CPT Question Paper December - 2013(Session 1) - Question 55

Which of the following are not miscellaneous expenses?

CA-CPT Question Paper December - 2013(Session 1) - Question 56

Uma, being a holder of 1000 shares of Rs.20each issued at a discount of 10% per share. Shedid not pay the allotment money of Rs.4 pershare and first call of Rs.8 per share. At thetime of forfeiture, the discount on the sharesmust be_____

CA-CPT Question Paper December - 2013(Session 1) - Question 57

C & D are the partners of a firm, who shareprofits & losses in the ratio of 5:3. D is entitled to get 5% commission. The net profit of the year is Rs.33,600 before charging such commission. Find the share of the profits of C & D.

CA-CPT Question Paper December - 2013(Session 1) - Question 58

Which of the following is false?

CA-CPT Question Paper December - 2013(Session 1) - Question 59

In which method, Joint life policy premium paid is treated as an expense and not as an asset?

CA-CPT Question Paper December - 2013(Session 1) - Question 60

Three column cash book records

CA-CPT Question Paper December - 2013(Session 1) - Question 61

In case of unenforceable contract with some technical defect, then the parties _____

CA-CPT Question Paper December - 2013(Session 1) - Question 62

______ Contracts are also known as Contracts with executed consideration

CA-CPT Question Paper December - 2013(Session 1) - Question 63

An Advertisement for sale of an old Flat which is published in leading news paper. This kind of offer is _____

CA-CPT Question Paper December - 2013(Session 1) - Question 64

There is no binding contract in case of ____ asone’s offer can not be construed as acceptance by the other.

CA-CPT Question Paper December - 2013(Session 1) - Question 65

A offers B to supply Books at Rs.100 each Book. B accepts the same with condition of 10% discount. It is _____

CA-CPT Question Paper December - 2013(Session 1) - Question 66

In case of counter offer is made, the original offer stands _____

CA-CPT Question Paper December - 2013(Session 1) - Question 67

Which of the following is not an exception to the rule “No Consideration, No Contract”?

CA-CPT Question Paper December - 2013(Session 1) - Question 68

G paid Rs.1,00,000 to H to influence the head of the Government Organisation in order to provide him some employment. On his failureto provide the job, G sued H for recovery of the amount. Which of the following is correct?

CA-CPT Question Paper December - 2013(Session 1) - Question 69

A stronger party is able to dominate the will ofthe weaker party, then it is known as _____

CA-CPT Question Paper December - 2013(Session 1) - Question 70

Karthik is the coach of Sachin a minor, who joined for Hockey coaching. The Fees is 10,000.The Contract is _____

CA-CPT Question Paper December - 2013(Session 1) - Question 71

_______ is a game of chance.

CA-CPT Question Paper December - 2013(Session 1) - Question 72

A, B, C are partners. They promised to give 60,000 to D. If C dies, who will Perform the Contract?

CA-CPT Question Paper December - 2013(Session 1) - Question 73

A contract entered between promisor and promisee becomes impossible to perform dueto destruction of subject matter. In this case __

CA-CPT Question Paper December - 2013(Session 1) - Question 74

X & Y entered into an agreement to buy an imported car for Rs.30,000. Later on they cancelled the agreement. This is known as ___

CA-CPT Question Paper December - 2013(Session 1) - Question 75

A holds a house on lease. After that he buys the house and became owner. The contract is discharged by _____

CA-CPT Question Paper December - 2013(Session 1) - Question 76

Which of the following Damages are punishment in nature?

CA-CPT Question Paper December - 2013(Session 1) - Question 77

Under Indian partnership act 1932, the Partnership can be formed between ____

CA-CPT Question Paper December - 2013(Session 1) - Question 78

The Mode of determining the existence of partnership is ___

CA-CPT Question Paper December - 2013(Session 1) - Question 79

Each partner in a firm is in the position of ____

CA-CPT Question Paper December - 2013(Session 1) - Question 80

Which of the following is a form in which all the partners are signed?

CA-CPT Question Paper December - 2013(Session 1) - Question 81

The Un-registered firm does not have a _____

CA-CPT Question Paper December - 2013(Session 1) - Question 82

Dormant partner is also known as ____

CA-CPT Question Paper December - 2013(Session 1) - Question 83

In which of the following, the partnership duration is not fixed?

CA-CPT Question Paper December - 2013(Session 1) - Question 84

Robert is a sleeping partner in a firm. He detected a wrong in the accounts of the firm.So he wants to check the complete accounts of the firm. But the other partners objected it.Can the objection made by the other partnersis correct or not?

CA-CPT Question Paper December - 2013(Session 1) - Question 85

The status of a partner making advances to the firm in addition to his capital, then he is _____

CA-CPT Question Paper December - 2013(Session 1) - Question 86

As per the agreement, profits should be shared equally but loss shall be borne by one partner.Then the partnership agreement is _____

CA-CPT Question Paper December - 2013(Session 1) - Question 87

Which of the following is with in the scope of implied authority of a partner in a partnership firm?

CA-CPT Question Paper December - 2013(Session 1) - Question 88

The liability of newly admitted partner arise from ____

CA-CPT Question Paper December - 2013(Session 1) - Question 89

For Dissolution of a firm, partners may apply to the court on the ground of _______

CA-CPT Question Paper December - 2013(Session 1) - Question 90

The mode of dissolution of firm under Indian partnership Act 1932 is_____

CA-CPT Question Paper December - 2013(Session 1) - Question 91

Under the sale of goods act 1930, the seller ina contract of sale transfers the ______ ingoods to the buyer for a price.

CA-CPT Question Paper December - 2013(Session 1) - Question 92

If the goods completely perish before contract of sale, the contract becomes.

CA-CPT Question Paper December - 2013(Session 1) - Question 93

A stipulation in a contract of sale with reference to the goods which may be ____

CA-CPT Question Paper December - 2013(Session 1) - Question 94

Conditions which are presumed by law to be present in a contract are ______

CA-CPT Question Paper December - 2013(Session 1) - Question 95

When a person sells the goods by infringing the copy right or trademark of the others, there is breach of an implied _______

CA-CPT Question Paper December - 2013(Session 1) - Question 96

The Doctrine of Caveat Emptor applies to the sale where ______

CA-CPT Question Paper December - 2013(Session 1) - Question 97

The Goods are damaged after Sale. The Risk isto be borne by ______

CA-CPT Question Paper December - 2013(Session 1) - Question 98

Q sells 100 tones of rice to P at Rs.50,000 pertone. P makes the full payment and says thathe will take the goods on next week. Before Pcould take the goods, the goods are destroyed.The loss will be borne by _____

CA-CPT Question Paper December - 2013(Session 1) - Question 99

Seller sends the goods to the buyer at larger (or) smaller quantity than ordered quantity.The option to the buyer is _____

CA-CPT Question Paper December - 2013(Session 1) - Question 100

Right of general lien cannot be exercised by __

Use Code STAYHOME200 and get INR 200 additional OFF
Use Coupon Code
Information about CA-CPT Question Paper December - 2013(Session 1) Page
In this test you can find the Exam questions for CA-CPT Question Paper December - 2013(Session 1) solved & explained in the simplest way possible. Besides giving Questions and answers for CA-CPT Question Paper December - 2013(Session 1), EduRev gives you an ample number of Online tests for practice