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

    1. Unit 1: Meaning and Scope of Accounting
    2. Unit 2: Accounting Concepts, Principles And Conventions
    3. Unit 3: Accounting Terminology – Glossary
    4. Unit 4: Capital And Revenue Expenditures and Receipts
    5. Unit 5: Contingent Assets and Contingent Liabilities
    6. Unit 6: Accounting Policies
    7. Unit 7: Accounting as a Measurement Discipline – Valuation Principles, Accounting Estimates
    8. Unit 8: Accounting Standards
    9. Unit 9: Indian Accounting Standards

    Chapter 2: Accounting Process

    1. Unit 1: Basic Accounting Procedures – Journal Entries
    2. Unit 2: Ledgers
    3. Unit 3: Trial Balance
    4. Unit 4: Subsidiary Books
    5. Unit 5: Cash Book
    6. 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

    1. Unit 1: Bill Of Exchange and Promissory Notes
    2. Unit 2: Sale of Goods on Approval or Return Basis
    3. Unit 3: Consignment
    4. Unit 4: Joint Ventures
    5. Unit 5: Royalty Accounts
    6. Unit 6: Average Due Date
    7. Unit 7: Account Current

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

    1. Unit 1: Final Accounts of Non-Manufacturing Entities
    2. Unit 2: Final Accounts of Manufacturing Entities

    Chapter 8: Partnership Accounts

    1. Unit 1: Introduction to Partnership Accounts
    2. Unit 2: Treatment of Goodwill in Partnership Accounts
    3. Unit 3: Admission of a New Partner
    4. Unit 4: Retirement of a Partner
    5. Unit 5: Death of a Partner

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

    1. Unit 1: Introduction to Company Accounts
    2. Unit 2: Issue, Forfeiture and Re-Issue of Shares
    3. Unit 3: Issue of Debentures

    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

    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.

    Comment below if you want to.know more about Principles and Practice of Accounting paper.

    We wish you all the best for future.