Paper 1 - AccountingTo develop an understanding of the basic concepts of accounting and apply the same in preparing financial statements and problem-solving.
Paper 2: Business LawsTo develop general legal knowledge of the law of Sales and understanding of various forms of businesses and their functioning to regulate the business environment.
Paper 3: Quantitative AptitudeTo develop an understanding of the basic mathematical and statistical tools and apply the same in business, finance, and economic situations.
Paper 4: Business EconomicsTo develop an understanding of the concepts and theories of Economics and to acquire the ability to address application-oriented issues.
Requirements for Clearing CA Foundation Examif he or she obtains in one sitting a minimum of 40% marks in each paper and a minimum of 50% marks in the aggregate of all the papers.