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Accounting Past Year Question Paper (Paper-1) - January 2025 | Accounting for CA Foundation PDF Download

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FAQs on Accounting Past Year Question Paper (Paper-1) - January 2025 - Accounting for CA Foundation

1. What topics are typically covered in the CA Foundation Accounting exam?
Ans.The CA Foundation Accounting exam usually covers topics such as the basic concepts of accounting, the accounting cycle, preparation of financial statements, accounting for special transactions, and accounting standards. It may also include questions on the journal, ledger, trial balance, and various accounting principles.
2. How can I effectively prepare for the Accounting paper in the CA Foundation exam?
Ans.To effectively prepare for the Accounting paper, students should start by thoroughly understanding the syllabus and key concepts. Regular practice of accounting problems, revision of accounting standards, and solving previous years’ question papers can be very beneficial. Additionally, taking mock tests can help assess your preparation level.
3. What is the marking scheme for the Accounting paper in the CA Foundation exam?
Ans.The marking scheme for the Accounting paper in the CA Foundation exam generally consists of a total of 100 marks. The paper is usually divided into sections with various types of questions, including multiple-choice questions and descriptive problems. It is important to check the specific guidelines for the exam year you are preparing for.
4. Are there any recommended books for studying Accounting for the CA Foundation exam?
Ans.Yes, some recommended books for studying Accounting for the CA Foundation exam include “Financial Accounting” by T.S. Grewal, “Advanced Accounts” by Shukla and Grewal, and study materials provided by the Institute of Chartered Accountants of India (ICAI). It is advisable to refer to the latest editions for the most updated content.
5. What are the common mistakes to avoid while preparing for the Accounting exam?
Ans.Common mistakes to avoid include neglecting to practice numerical problems, not revising regularly, overlooking accounting standards, and failing to manage time effectively during the exam. Additionally, students should avoid last-minute cramming and ensure they understand concepts rather than just memorizing them.
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