A closer look at the CPT

Test Eligibility

• You should have passed or appeared for the Class12 Examination.
• You should have registered for the CPT Course at least 2 months prior to the first day of the month in which the CPT is scheduled to be held.

Areas Tested
The CPT will test you in 4 areas, namely, Fundamentals of Accounting, Mercantile Law, General Economics, and Quantitative Aptitude. The subjects are at the foundation level.

Test Format
The test involves 2 sessions of 2 hours each, and each session contains 2 papers of 100 marks each.
Session 1 (2 Sections. 2 hours. 100 marks)
Section A: Fundamentals of Accounting (60 marks) Section B: Mercantile Law (40 marks)
Session 2 ((2 Sections. 2 hours.100 marks)
Section C: General Economics (50 marks) Section D: Quantitative Aptitude (50 marks)

Test Passing Score
A student would have to secure 50% marks, i.e., a total of 100 marks to pass the CPT.

Test Marks
Every correct answer would be awarded 1 mark and 0.25 marks would be deducted for every incorrect answer.

Test Months
The test is conducted twice a year, in the months of June and December.

Test Results
Results are usually announced within a month of the test.

Test Syllabus (abridged)

Fundamentals of Accounting
Accounting Concepts, Principles and Conventions
Accounting Process - Journal Entries, Ledgers, Trail Balance
Subsidiary Books - Cash Book and Other Books
Bank Reconciliation Statement
Capital and Revenue Expenditures and Receipts
Contingent Assets and Contingent Liabilities
Trail Balance, Errors and Their Rectification
Valuation of Inventory
Depreciations, Reserves and Provisions
Final Accounts of Non-manufacturing Entities
Final Accounts of Manufacturing Entities
Accounting for Consignments
Accounting for Joint Venture
Accounting For Bills of Exchange and Promissory Notes
Accounting for Sale of Goods on Approval/Sale/Return Basis
Accounting For Partnership Firms - Admission/Death/Retirement of a Partner
Accounting For Share Capital and Issue of Shares
Redemption of Preference Shares
Issue of Debentures

General Economics
Introduction to Microeconomics
Law of Demand and Supply
Theory of Consumer Behaviour
Theory of Production and Theory of Cost
Perfect Competition
Imperfect Competition
Nature of Indian Economy
Economic Reforms in India
National Income in India
Tax Structure
Budget and Fiscal Deficit in India, Balance of Payments, External Debt
Money and Banking

Mercantile Law
Nature of Contracts
Essential Elements of a Valid Contract
Performance of Contract
Breach of Contract & Contingent and Quasi-Contracts
Formation of the Contract of Sale
Conditions & Warranties
Transfer of Ownership & Delivery of Goods
Unpaid Seller
General Nature of Partnership, Relation of Partners
Registration and Dissolution of a Firm

Mathematics & Statistics
Ratio and Proportion, Indices and Logarithms
Equations
Inequalities
Simple and Compound Interest, including Annuity
Basic Concepts of Permutations and Combinations
Sequences and Series - Arithmetic and Geometric Progression
Sets, Functions and Relations
Limits and Continuity
Basic Concepts of Differential and Integral Calculus
Statistical Description of Data
Measures of Central Tendency and Dispersion
Correlation and Regression
Probability and Expected Value by Mathematical Expectation
Theoretical Distribution
Sampling Theory
Index Numbers