Today we will provide you CA Foundation Accounts 2021 paper (compiler) with Complete Preparation Material like the Paper pattern, Syllabus, Study material, Practice manual, Mock test papers with suggested answers, RTP, Chapter wise weightage, and Study study plan for July & December 2021 exam.
CA Foundation Accounts Overview:
Paper 1 of the CA Foundation course is CA Foundation accounts. The fundamental objective is to develop an understanding of Accounting principles and fundamental and then utilizing the knowledge in preparing accounting statements, analyzing through different ratio and giving optimum solutions to the problems.
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CA Foundation Accounts Paper Pattern 2023:
- Number of the question asked: 6 out of which five need to be answered
- Time allowed to take the exam is 3 hours
- Maximum marks 100 marks
- Each question is assessed through comprehensive knowledge, analytical skill, and reporting efficiency.
- Each question has 3 or 4 sections to be solved.
CA Foundation Accounts Paper Review:
How was July 2023 CA Foundation accounts paper?
We would say the paper was easy and was scoring for most of the students. It had only 25% of theoretical questions and others where practicals ones. The paper was straight down from the syllabus.
CA Foundation Accounts 2023 Syllabus:
ICAI has revised the CA Foundation syllabus under new scheme student can download the Syllabus for CA Foundation Accounts 2023 from the given link below.
| New Final Principles and Practice of Accounting Syllabus |
| Click Here |
CA Foundation Accounts Study Material:
ICAI has revised the syllabus under new scheme student can download the CA Foundation study material for Accounting paper from given link below.
CA Foundation Accounts Questions for Practice:
ICAI has revised the syllabus under the new scheme. Students can download the practice question for Foundation accounting exams July & December 2023 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.
| Question Papers | Suggested Answers |
| November 2018 May 2018 |
November 2018 May 2018 |
CA Foundation Accounts Mock Test Papers:
ICAI has revised the syllabus under the new scheme. Students can download CA Foundation Mock Test Paper of Principles and Practice of Accounting from here.
CA Foundation Accounts RTP:
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:
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:
- 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.
Also, read our article CA Foundation preparation strategy to score more in CA Foundation June and December 2023 exam.
Comment below if you want to know more about Principles and Practice of Accounting paper.
We wish you all the best for future
Keep yourself healthy and appraiser.
