Test your readiness for Paper 1: Principles and Practice of Accounting. Contains **25 randomized questions** spanning Theoretical Framework, BRS, Depreciation, Special Transactions, Partnership, NPO, and Company Accounts under a **25-minute timer**.
Double-entry framework, accounting conventions, journals, ledger posting, cash books, trial balance, and rectification of errors.
Bank reconciliation, WDV/SLM depreciation, inventory valuation (FIFO, LIFO, Wtd Avg), bill of exchange, consignment, and joint venture accounts.
Proprietorship final accounts, NPO financial statements, partnership accounting (admission, retirement, revaluation), single entry system, and sole proprietorship financials.
Issue of shares, pro-rata allotment, share forfeiture, reissue, and debenture accounting (issue and redemption).
Business objectives, forms of organizations, management principles, delegation, levels of management, and core marketing processes.
Micro & macro business economics, theory of demand, law of supply, elasticity, producer equilibrium, and different market structures.
ICAI regulatory framework, Indian Contract Act, Sale of Goods Act, Indian Partnership Act, Limited Liability Partnership (LLP) Act, Companies Act, and Negotiable Instruments Act.
Select which CA Foundation units to test, adjust the number of questions, and set your own timer limits.
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