Accounting is a mark-fetching subject in CA CPT. If you have commerce background, you are already familiar with the fundamentals of Accounting. But, if you do not belong to commerce background, you need to give more attention on studying the theoretical parts and understand the concept of fundamental accounting principles of ‘debit’ and ‘credit’ and learn formats applicable to different accounts, such as journals, cash book, trial balance and final accounts of proprietary accounts, partnership account and company account. You need to focus on the chapters which are more scoring and keep practicing them regularly.
Includes 144 docs, 39 videos & 85 tests
Some useful tips for the preparation of Fundamentals of Accounting for CA CPT are given here to help you:
1. Analyse the Syllabus:
Candidates must stay updated with The Syllabus and Pattern of CA CPT. To get an idea of the CA CPT exam pattern, you need to take a look at the CA CPT previous year papers, CA CPT sample papers, etc. Going through the syllabus before starting with the preparation is really important as it will guide you in the right direction. Make sure you are familiar with the syllabus of Fundamentals of Accounting before starting with the preparation. Segregate the topics that you find easy and the ones that you feel need more attention.
2. Follow a study plan:
It is better to prepare a timetable or study plan for CA CPT preparation. This study plan will help in completing all the important topics from Fundamentals of Accounting. A schedule will be a motivating factor in your learning process as you will know how far you have come. Allocate required amount of time to various accounting topics. So, make sure you give good enough time to every topic. Dedicate time to important topics and also, allot time to revision as revision is quite important to retain the concepts in your mind.
3. Basics should be strong:
Clear your basics and fundamentals related to every topic for complete understanding. Leave no stone unturned while in the process of preparation and hence, get your doubts cleared as soon as they arise. Clearing all your doubts is very essential for you to score good marks. If your basics are strong, you can easily attempt a good number of questions in CA CPT Accounting.
4. Practice and Achieve!
Practice with chapter wise tests available for every chapter. Practicing is really crucial as only with good amount of practice, you will be able to understand the concepts of accounting better and also be able to have a good retention ability. Take as many tests as you can. You will also have an idea about the kind of questions being asked in the CA CPT exam.
5. Revision is Crucial:
Revise the Accounting chapters to make sure you have understood them and have every small concept in your mind.Prepare short notes while studying each topic such that the important points are noted in there for future reference and saving time. This will be useful for quick revision before the exams. The short notes for each topic will be helpful at the end of the preparation as they will save a lot of your precious time. Always keep a pen and paper with you while studying and keep writing important points.
6. Test yourself:
Your hours of learning and studying is worth only when you know how well you have understood the concepts. For this, you need to evaluate yourself by taking as many tests as possible. Along with the tests, go through CA CPT Mock tests and CA CPT Previous Years Question papers to know about the pattern of the exam and the kind of questions being asked over the years. This helps you evaluate how much you can remember immediately after you read. Try and take weekly tests around the same repeatedly so that you can clearly see improvements in your preparation.
Includes 42 tests
Bank Reconciliation Statement
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Introduction to Company Accounts:
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