Back
For the first time ICAI has officially released MCQ paper. A detailed discussion on MCQ solution is available at the following link.
Click here to access Discussion and Video Solution
The order of questions is different for different students.
Question | Option | Answer |
Kay Ltd | ||
1 | C | Create a provision for Rs. 45,000 and Disclosure of contingent liability Rs. 5,00,000 |
2 | A | Adjusting event - full adjustment of Rs. 75,000 |
3 | A | Revenue - 23,50,000 22,00,000 + 75% of 2,00,000 |
4 | B | 60,000 |
5 | B | 1,65,500 1,50,000 x 12/12 + 50,000 x 5/12 - 32,000 x 2/12 |
6 | C | Q Ltd & R Ltd |
Jay Ltd | ||
7 | D | Cash flow from investing - 22,000 |
8 | A | Cash & Cash equivalent - 192,500 |
9 | C | Equity Share CApital after reconstruction 5,50,000 |
10 | B | Cash flow from Operating - 5,000 |
11 | B | FA Held for sale Current Asset |
Mr. Vikram | ||
12 | C | 3,05,000 |
13 | A | 12,500 to be capitalised and 27,500 to be expensed |
14 | D | Carrying amount of investment is Rs. 82,000 |
15 | B | RM - Rs. 50,000 and FG Rs. 3,00,000 |
Course Guides
Courses
CA Final Group I - All Subjects (FR + AFM + Audit)
FR + AFM Combo
Financial Reporting (FR) - CA Final
Advanced Financial Management - AFM - CA Final
Advanced Auditing & Professional Ethics - CA Final
Economic Laws - CA Final- (New)
Indirect Tax Laws (IDT) : GST, Customs & FTP - CA Final - (New)
Resume Workshop
Financial Modelling
Microsoft Excel - Beginners & Working Professionals
Fundamentals of Blockchain
Tally ERP 9.0 & Tally Prime
1-1 Mentorship Program for Students - 1 Month
1-1 Mentorship Program for Students - 3 Months
Books
News & Updates
ICAI released the applicable study material for May 2025 for CA Inter! Check Now
21 hrs ago
Love 1FIN? Let Us Know with a Review & a 5 star rating⭐!
06-Dec-24 12:03
Important🚨We’ve Moved from WhatsApp to Telegram! 🚀
28-Nov-24 16:41
Rescheduled CA exams - January 2025
26-Nov-24 06:28
Job Opening | BLR | Semi Qualified | Fund Accounting |PMS
20-Nov-24 09:54
You didn't expect this from US! We launched CA Inter Fast Track classes!✨
19-Nov-24 14:07
Calling All Future Finance Leaders! 📣 Free CFA Webinar | Register Now
05-Nov-24 11:00
Result date for CA Foundation & CA Inter September 2024 Examinations
25-Oct-24 20:55
Share the Knowledge! Refer Your Friends & Earn Rewards 🎉
21-Oct-24 15:00
CFA Portfolio Management Demo Class| Register Now!
14-Oct-24 13:00
More