CA Foundation Free Mock Test Nov 21 Attempt
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 2021 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 Dec 2021
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 2021.
Students can also check about the detailed step by step process on how to become CA in India.
You can even know the weight-age, syllabus and important tips and tricks related to accountancy exam 2021.
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.
CA Foundation Accounts Paper Pattern 2021
-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 Jan 2021 (Review)
How was Jan 2021 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 2021 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 2021
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
CA Foundation Accounts Study Material
Module 1
Initial Pages
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
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
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
Module-2
Initial Pages
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
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 Accounts Questions for Practise 2021
ICAI has revised the syllabus under the new scheme. Students can download the practice question for Foundation accounting exams May 2019 from here.
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 Papers | Suggested Answers |
|---|---|
| November 2020 | November 2020(coming soon) |
| November 2018 | November 2018 |
| May 2018 | May 2018 |
CA Foundation Accounts Mock Test Papers 2021
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.
CA Foundation Accounts RTP 2021
ICAI has revised the syllabus under the new scheme. Students can download the RTP of Principles and Practice of Accounting from here.
CA Foundation Accounts Chapter Wise Weightage for New Course 2021
You can see the breakdown of chapters and modules according to the marks weightage given In exams and plan your study accordingly
| Weightage | Chapter |
|---|---|
| 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 2021
-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.
Comment below if you want to.know more about Principles and Practice of Accounting paper.
We wish you all the best for future.
