Entrance Exam Details

Name of Entrance Exam

Charted Accountant Common Proficiency Test

Category of Exam

National level Entrance Exam

About Exam

Common Proficiency Test, also known as CA-Common Proficiency Test, is an entrance test to pursue the course of Chartered Accountancy (CA). To give this examination, one has to register himself with the 'Institute of Chartered Accountants of India' (ICAI).

Eligibility

An individual can register himself with the 'Institute of Chartered Accountants of India' (ICAI) after completing 10th standard, but only after clearing 12th standard or equivalent from a recognized institute, he becomes eligible for appearing in the Common Proficiency Test.

Exam pattern and syllabus

CA CPT exam will be conducted in four parts i.e. Part 1 - Fundamentals of Accounting and Mercantile Laws, Part 2 - Mercantile Laws, Part 3 - General Economics and Part 4 - Quantitative Aptitude.

The test for two parts will be taken in the first session and test for other two will be taken in the second session. Thus, there will be two question papers which have to be attempted by the candidates in two sessions on the same day.

The question paper carries 200 objective type questions for a total of 200 marks

 

For every wrong answer, 0.25 marks will be deducted from the maximum obtained.

 

Section of CA CPT question paper

Syllabus

Topics

Max Marks

Section A: Fundamentals of Accounting

Theoretical Framework

  • Meaning and Scope of accounting

  • Accounting Concepts, Principles and Conventions

  • Accounting Standards – concepts, objectives, benefits

  • Accounting Policies

  • Accounting as a measurement discipline – valuation  principles, accounting estimates

60 Marks

Accounting Process

  • Books of Accounts leading to the preparation of Trial Balance,

  • Capital and revenue expenditures,

  • Capital and revenue receipts,

  • Contingent assets and contingent liabilities,

  • Fundamental errors including rectifications thereof

Bank Reconciliation Statement

-

Inventories

  • Basis of inventory valuation and record keeping

Depreciation accounting

  • Methods, computation and accounting treatment of depreciation,

  • Change in depreciation methods.

Preparation of Final Accounts for Sole Proprietors

-

Accounting for Special Transactions

  • Consignments

  • Joint Ventures

  • Bills of exchange and promissory notes

  • Sale of goods on approval or return basis.

Partnership Accounts

  • Final accounts of partnership firms –

  • Basic concepts of admission,

  • Retirement and death of a partner including treatment of goodwill

Introduction to Company Accounts

  • Issue of shares and debentures,

  • Forfeiture of shares,

  • Re-issue of forfeited shares,

  • Redemption of preference shares

Section B: Mercantile Laws

The Indian Contract Act, 1872

  • An overview of Sections 1 to 75 covering the general nature of contract, consideration, and other essential elements of a valid contract,

  • Performance of contract

  • Breach of contract.

40 marks

The Sale of Goods Act, 1930

  • Formation of the contract of sale

  • Conditions and Warranties

  • Transfer of ownership and delivery of goods

  • Unpaid seller and his rights

The India Partnership Act, 1932

  • General Nature of Partnership

  • Rights and duties of partners

  • Registration and dissolution of a firm

Section C: General Economics

Micro Economics

  • Introduction to Micro Economics 

(a) Definition, scope and nature of Economics

(b) Methods of economic study

(c) Central problems of an economy and Production possibilities curve.

Theory of Demand and Supply -

(a) Meaning and determinants of demand, Law of demand and elasticity of demand ─ Price, income and cross elasticity

(b) Theory of consumer ’s behaviour–Marshallian approach and Indifference curve approach

(c) Meaning and determinants of supply, Law of supply and Elasticity of supply.

  • Theory of Production and Cost

(a) Meaning and Factors of production

(b) Laws of Production – The Law of variable proportions and Laws of returns to scale

(c) Concepts of Costs- Short-run and long-run costs, Average and marginal costs, Total, fixed and variable costs

  • Price Determination in Different Markets

(a) Various forms of markets – Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly

(b) Price determination in these markets

 

50 marks

Indian Economic Development

  • Indian Economy – A Profile 

(a) Nature of the Indian Economy

(b) Role of different sectors – Agriculture, Industry and Services in the development of the Indian

economy, their problems and growth

(c) National Income of India – Concepts of national income, Different methods of measuring national

income, Growth of national income and per capita income in various plans.

(d) Basic understanding of tax system of India – Direct and Indirect Taxation

  • Select Aspects of Indian Economy

(a) Population – Its size, rate of growth and its implication for growth

(b) Poverty – Absolute and relative poverty and main programs for poverty alleviation

(c) Unemployment – Types, causes and incidence of unemployment

(d) Infrastructure ─ Energy, Transportation, communication, Health and Education

(e) Inflation

(f) Budget and Fiscal deficits

(g) Balance of payments

(h) External debts.

  • Economic Reforms in India

(a) Features of economic reforms since 1991

(b) Liberalisation, Privatisation and Disinvestment

(c) Globalisation.

  • Money and Banking

(a) Money – Meaning and functions

(b) Commercial Banks – Role and functions

(c) Reserve Bank of India – Role and functions, Monetary policy

Section D: Quantitative Aptitude

Ratio and proportion, Indices, Logarithms

-

50 marks

Equations

  • Linear – simultaneous linear equations up to three variables,

  • Quadratic and cubic equations in one variable,

  • Equations of a straight line,

  • Intersection of straight lines

  • Graphical solution to linear equations

Inequalities

Graphs of inequalities in two variables- common region

Simple and Compound Interest including annuity- Applications

-

Basic concepts of Permutations and Combinations

-

Sequence and Series – Arithmetic and geometric progressions

-

Sets, Functions and Relations

 

Limits and Continuity ─ Intuitive Approach

-

Basic concepts of Differential and Integral Calculus (excluding trigonometric functions

 

Statistical description of data

  • Textual, Tabular & Diagrammatic representation of data.

  • Frequency Distribution.

  • Graphical representation of frequency distribution – Histogram, Frequency Polygon, Ogive

Measures of Central Tendency and Dispersion

  • Arithmetic Mean, Median – Partition Values, Mode, Geometric Mean and Harmonic, Mean, Standard deviation, Quartile deviation

Correlation and Regression

-

Probability and Expected Value by Mathematical Expectation

-

Theoretical Distributions

Binomial, Poisson and Normal.

Sampling Theory

  • Basic Principles of sampling theory,

  • Comparison between sample survey and complete enumeration

  • Errors in sample survey

  • Some important terms associated with sampling

  • Types of sampling

  • Theory of estimation

  • Determination of sample size

Index Numbers

-

Official Website & Contact Details:

https://www.icai.org/