Paper 1: Principles and Practice of Accounting

About CA Foundation Accounts:

CA Foundation Accounts (also known as also referred as Principles and Practice of Accounting) is the first paper of CA foundation course which focuses on providing basic conceptual knowledge of accounting. Knowledge of accounting is a must when you are preparing for a Chartered Accountant course. ICAI introduced this subject in the early stages of the CA course which helps students to enhance their skills in next levels.

Subjects cover the basics of accounting which helps you in preparation of computing accounting ratios, financial statements etc. Students who belong to commerce stream will find the subject familier in comparison with science and arts students. At Mittal Commerce Classes, we understand the gap and thus we have curated best online and pendrive courses for “CA Foundation Accounts” which not only helps commerce students to clear their doubts but also help other stream students to clear their hesitation and doubts for the same.

Students can ace this subject by solving mock test papers, previous year papers, model test papers and sample papers. You can download the latest mock test papers of CA Foundation Accounts notes in PDF from our website which is available in both English and Hindi medium.

Before attempting the exam read this article to know more about weightage, syllabus, exam pattern, tips and tricks etc. Accounting subjects cover some subjective parts like knowledge about debit, credit, creditors, debtors and other basic fundamental entities. After understanding the basic fundamentals of this subject students will develop an accounting skill which will help them to solve complexities of a business.

Topics Covered in CA Foundation Accounts Pendrive Classes:

Mittal commerce classes has qualified faculties which covers all the important topics mentioned in the CA foundation accountants paper by ICAI.

• Theoretical Framework, Accounting process, bank reconciliation statement, Inventories, Depreciation
• Special transactions such as consignment, Joint venture, Bills of exchange, Royalties, Average due date and account current
• Final Accounts of Sole Proprietors, Partnership accounts, Introduction to company accounts and
• Basic Accounting ratios

CA Foundation Accounts Paper Pattern 2021:

Download CA Foundation Accounts Syllabus:

Students can download CA foundation accounts syllabus from the official website of ICAI. We have curated some important links from ICAI which will be helpful in preparation of the CA foundation accounting paper.

How was the CA Foundation Accounts paper of Jan 2021?

Most of the questions were covered in the Mittal Commerce Classes online lectures. We have reviewed the CA Foundation accounts paper from MCC students and they found it very easy. Buy our “Paper 1: Principles and Practice of Accounting Paper” online pendrive classes for test results.

CA Foundation Accounts Paper Study Plan 2021:

CA Foundation accounts is a scoring subject in which you can get full marks. To master this subject students need to focus on some key points which are listed below:

– Write down the formulas and important tricks on sticky paper and paste them on your study table. This way you can remember the formulas on your finger tips.

– Make notes in your language as it will become very easy when you go through them.

– Make a table on the accounting standards and paste it on your wall to memorize it.

– Practice as many mock test papers as you can. CA Foundation Accounts is a practical subject so mugging them will not help you in passing this exam.