CA Foundation Accounts- Study Material/Papers/ Tips and More

CA is one of the most promising professions in India. With a new affiliation with international universities, Ca’s will be in demand all over the world. CA Foundation is the first level of the CA course. The level comprises four papers which need to be cleared to be eligible for second-level ” intermediate“. Paper 1 of CA Foundation course 2020 is Principles and Practice of Accounting. The subject syllabus comprises basic accounting principles and their treatment in books. If you belong to the commerce background, then it will be easier for you as compared to students belonging to science and arts stream. VSI understand the student’s difficulties and accordingly help them to overcome their fear and hesitation. VSI students belonging to science stream has also scored top marks in foundation with the help of right guidance and motivation.

Check ca foundation result for Nov 2019

The regular practice of question paper, sample paper, mock test paper, model test paper, will help the students to master the subject. You can easily download all the study material for preparing the Accountancy paper that will be held in May and November 2020.

You can even know the weight-age, syllabus and important tips and tricks related to accountancy exam 2020.

The theoretical part of the syllabus will help you have knowledge of what is debit, credit, debtors and creditors or you can say basic accounting entities and their fundamental principle. After having the basic understanding it becomes easy for students to understand their treatment in accounts books. They will also gain the skill to analyses the accounting statements through different ratio and help in solving business complexities.

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CA Foundation Accounts Paper Pattern 2020

  • -Total question asked: 6 (students need to answer only 5)
  • -Total exam duration : 3 hours
  • -Maximum marks: 100 marks
  • -Assassinate pattern: According to comprehensive knowledge, analytical skill, and reporting efficiency.
  • -Type of Questions: Each question is divided into three to four section. The question can be both practical or theoretical.

How was the CA Foundation Accounts Paper of Nov 2019 (Review)

How was Nov 2019 CA foundation accounting paper?

We would say most of the question was discussed and provided by VSI coaching classes. There were 21 mark’s question from the theoretical portion rest were to solve practically. If you have attended all the video lecture related to Ca foundation course, then you might have founded it an easy paper.!!

How to appear for 2020 CA foundation Accounts paper?

Students need to attempt all 5 questions in 2hours. The questions asked are theoretical and practical both. Students need to answer the question circle the suggested answer in the OMR sheet provided to them in the examination hall. Students need to be careful while marking as every wrong answer will deduct 1/4 mark from the total score.

Read our article how to prepare for ca foundation in 4 months

CA Foundation Accounts Syllabus 2020

ICAI has revised the CA Foundation syllabus under new scheme student can download the Syllabus for CA Foundation Accounts from the given link below.

New Final Principles and Practice of Accounting Syllabus

Principles and Practice of Accounting syllabus

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CA Foundation Accounts Study Material

Module 1
Initial Pages
Chapter 1: Theoretical Framework

Chapter 2: Accounting Process

Chapter 3: Bank Reconciliation Statement
Chapter 4: Inventories
Chapter 5: Concept and Accounting of Depreciation
Chapter 6: Accounting for Special Transactions

Module-2
Initial Pages
Chapter 7: Preparation of Final Accounts of Sole Proprietors

Chapter 8: Partnership Accounts

Chapter 9: Financial Statements of Not-for-Profit Organizations
Chapter 10: Company Accounts

Chapter 11: Basic Accounting Ratios

CA Foundation Accounts Questions for Practise 2020

ICAI has revised the syllabus under the new scheme. Students can download the practice question for Foundation accounting exams May 2019 from here.

Questions for Practice

CA Foundation Accounts Question Papers with Suggested Answers

ICAI has revised the syllabus under the new scheme. The student can download the CA Foundation question papers with suggested answers of Accounts.

For the new scheme

Question PapersSuggested Answers
November, 2018November, 2018
May, 2018May, 2018

CA Foundation Accounts Mock Test Papers 2020

ICAI has revised the syllabus under the new scheme. Students can download the suggested Mock Test Paper of Principles and Practice of Accounting from here.

Series-I
Question
Answer

CA Foundation Accounts RTP 2020

ICAI has revised the syllabus under the new scheme. Students can download the RTP of Principles and Practice of Accounting from here.

May 2019
November 2018
May 2018

CA Foundation Accounts Chapter Wise Weightage for New Course 2020

You can see the breakdown of chapters and modules according to the marks weightage given In exams and plan your study accordingly

WeightageChapter
5%-10%Chapter 1: Theoretical Framework
Unit 1: Meaning and Scope of Accounting
Unit 2: Accounting Concepts, Principles And Conventions
Unit 3: Accounting Terminology – Glossary
Unit 4: Capital And Revenue Expenditures and Receipts
Unit 5: Contingent Assets and Contingent Liabilities
Unit 6: Accounting Policies
Unit 7: Accounting as a Measurement Discipline – Valuation Principles, Accounting Estimates
Unit 8: Accounting Standards
Unit 9: Indian Accounting Standards
20%-25%Chapter 2: Accounting Process
Unit 1: Basic Accounting Procedures – Journal Entries
Unit 2: Ledgers
Unit 3: Trial Balance
Unit 4: Subsidiary Books
Unit 5: Cash Book
Unit 6: Rectification of Errors
Chapter 3: Bank Reconciliation Statement
Chapter 4: Inventories
Chapter 5: Concept and Accounting of Depreciation
15%-20%Chapter 6: Accounting for Special Transactions
Unit 1: Bill Of Exchange and Promissory Notes
Unit 2: Sale of Goods on Approval or Return Basis
Unit 3: Consignment
Unit 4: Joint Ventures
Unit 5: Royalty Accounts
Unit 6: Average Due Date
Unit 7: Account Current
25%-30%Chapter 7: Preparation of Final Accounts of Sole Proprietors
Unit 1: Final Accounts of Non-Manufacturing Entities
Unit 2: Final Accounts of Manufacturing Entities
Chapter 8: Partnership Accounts
Unit 1: Introduction to Partnership Accounts
Unit 2: Treatment of Goodwill in Partnership Accounts
Unit 3: Admission of a New Partner
Unit 4: Retirement of a Partner
Unit 5: Death of a Partner
Chapter 9: Financial Statements of Not-for-Profit Organizations
10%-15%Chapter 10: Company Accounts
Unit 1: Introduction to Company Accounts
Unit 2: Issue, Forfeiture and Re-Issue of Shares
Unit 3: Issue of Debentures
Chapter 11: Basic Accounting Ratios

CA Foundation Accounting Self Study Plan 2020

  • -Write down the formulas and theories on a chart and can keep it handy by sticking it in your room for quick reference,
  • -Make notes and illustrate every principle and theories in your own words
  • -Make charts of all the accounting standards and try to memorize them in an interesting format.
  • -While preparing accounting statements, identify the nature of the product and thoroughly analyze it before its treatment.

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