CA CPT June 2012 Question paper with Solutions

Solution of CA CPT Questions, exam which previously held on  17 June 2012.

To download the Question paper with solutions, Click here

CA CPT June 2013 Syllabus

CA CPT June 2013 Syllabus

Level of Knowledge : Basic knowledge

SESSION – I :

Section A : Fundamentals of Accounting ( 60 Marks )

Objective :

To develop conceptual understanding of the fundamentals of financial accounting system.

Contents

1. 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

2. 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.

3. Bank Reconciliation Statement
4. Inventories

• Basis of inventory valuation and record keeping.

5. Depreciation accounting

• Methods, computation and accounting treatment of depreciation, Change in depreciationmethods.

6. Preparation of Final Accounts for Sole Proprietors
7. Accounting for Special Transactions

• Consignments
• Joint Ventures
• Bills of exchange and promissory notes
• Sale of goods on approval or return basis.

8. Partnership Accounts

• Final accounts of partnership firms – Basic concepts of admission, retirement and death of a partner including treatment of goodwill.

9. 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 ( 40 Marks )
Objective :

• To test the general comprehension of elements of mercantile law.

Contents

• The Indian Contract Act , 1872 : An overview of Sections 1 to 75 covering the general nature of contract , consideration , other essential elements of a valid contract , performance of contract and breach of contract.
• 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.

SESSION – II
Section C: General Economics ( 50 Marks )
Objective :

• To ensure basic understanding of economic systems, economic behaviour of individuals and organizations.

Contents
( I ) Micro Economics
1. Introduction to Micro Economics

• Definition, scope and nature of Economics
• Methods of economic study
• Central problems of an economy and Production possibilities curve

2. Theory of Demand and Supply

• Meaning and determinants of demand, Law of demand and Elasticity of demand ─ Price, income and cross elasticity
• Theory of consumer ’s behaviour – Marshallian approach and Indifference curve approach
• Meaning and determinants of supply, Law of supply and Elasticity of supply

3. Theory of Production and Cost

• Meaning and Factors of production
• Laws of Production – The Law of variable proportions and Laws of returns to scale
• Concepts of Costs – Short – run and long – run costs, Average and marginal costs, Total, fixed and variable costs.

4. Price Determination in Different Markets

• Various forms of markets – Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly
• Price determination in these markets.

( II ) Indian Economic Development
5. Indian Economy – A Profile

• Nature of the Indian Economy
• Role of different sectors – Agriculture, Industry and Services in the development of the Indian economy, their problems and growth
• 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
• Basic understanding of tax system of India – Direct and Indirect Taxation

6. Select Aspects of Indian Economy

• Population – Its size, rate of growth and its implication for growth
• Poverty – Absolute and relative poverty and main programs for poverty alleviation
• Unemployment – Types, causes and incidence of unemployment
• Infrastructure – Energy, Transportation, Communication, Health and Education
• Inflation
• Budget and Fiscal deficits
• Balance of payments
• External debts

7. Economic Reforms in India

• Features of economic reforms since 1991
• Liberalisation, Privatisation and Disinvestment
• Globalisation.

8. Money and Banking

• Money – Meaning and functions
• Commercial Banks – Role and functions
• Reserve Bank of India – Role and functions, Monetary policy

Section D: Quantitative Aptitude ( 50 Marks )
Objective :

• To test the grasp of elementary concepts in Mathematics and Statistics and application of the same as useful quantitative tools.

Contents
1. Ratio and proportion, Indices, Logarithms
2. 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.
3. Inequalities

• Graphs of inequalities in two variables – common region.

4. Simple and Compound Interest including annuity ─ Applications
5. Basic concepts of Permutations and Combinations
6. Sequence and Series – Arithmetic and geometric progressions
7. Sets, Functions and Relations
8. Limits and Continuity ─ Intuitive Approach
9. Basic concepts of Differential and Integral Calculus ( excluding trigonometric functions )
10. Statistical description of data

• Textual, Tabular & Diagrammatic representation of data.
• Frequency Distribution.
• Graphical representation of frequency distribution – Histogram, Frequency Polygon, Ogive

11. Measures of Central Tendency and Dispersion

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

12. Correlation and Regression
13. Probability and Expected Value by Mathematical Expectation
14. Theoretical Distributions Binomial, Poisson and Normal.
15. 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.
16. Index Numbers

CA CPT June 2013 Application Form Availability

CA CPT 2013 June Availability of Application Form

The CPT June 2013 Information brochure containing Common Proficiency Test application form will also be available in the Regional and Branch Offices of the Institute and can be obtained there from on cash payment on or from 3rd April, 2013.

The CPT June 2013 Prospectus can also be procured by post from any of the offices of the Institute.

The CPT 2013 June application form can be obtained and / or submitted to the following Offices of the Institute in consonance with the address of the student as stated below :

STUDENTS BELONGING TO	DISPATCH ADDRESS
Gujarat, Maharashtra, Goa and Union Territories of Daman & Diu and Dadra & Nagar Haveli	Western India Regional Council of The Institute of Chartered Accountants of India, ICAI BHAWAN"Anveshak" 27 Cuffe Parade, Colaba, Mumbai - 400 005, Phone : 022-39893989, Fax : 022- 39802953, E-mail : wro@icai.org

Andhra Pradesh, Kerala, Karnataka, Tamil Nadu and the Union Territories of Pondicherry and Lakshadweep Islands	Southern India Regional Council of The Institute of Chartered Accountants of India, ICAI BHAWAN, 122,M.G. Road, Post Box No. 3314 Nungambakkam, Chennai - 600 034, Phone : 044 - 39893989, Fax : 044-30210355, E-mail : sro@icai.org
Assam, Meghalaya, Nagaland, Orissa, West Bengal, Manipur, Tripura, Sikkim, Arunachal Pradesh, Mizoram, Andaman-Nicobar Islands	Eastern India Regional Council of The Institute of Chartered Accountants of India, ICAI BHAWAN, 7, Anandilal Poddar Sarani, (Russell Street) Kolkata - 700 071 Phone : 033-39893989, Fax : 033-30211145, E-mail : ero@icai.org
Uttar Pradesh, Bihar, Madhya Pradesh, Rajasthan, Uttaranchal, Chhatisgarh and Jharkhand	Central India Regional Council of The Institute of Chartered Accountants of India, ICAI BHAWAN, Post Box No. 314, 16/77B, Civil Lines Kanpur - 208 001 Phone : 0512-3989398, Fax : 0512-3011173 E-mail : cro@icai.org
Delhi, Haryana, Himachal Pradesh, Jammu & Kashmir, Punjab and Union Territory of Chandigarh	Northern India Regional Council of The Institute of Chartered Accountants of India, ICAI BHAWAN, 52-54, Vishwas Nagar, Delhi 110032. Phone : 011-39893990, Fax : 011-30210680, E-mail : nro@icai.org

The student should make the draft payable accordingly to Mumbai, Chennai, Kolkata, Kanpur and NewDelhi respectively.

CA CPT June Application Form 2013

CA CPT June Application Form 2013

Applications for admission to Common Proficiency Test is required to be made in the relevant prescribed form as contained in the Information Brochure, which may be obtained from the following address on payment of  1000/- (  500/- towards examination fee and  500/- towards cost of application form and Information brochure ) per application form.

Additional Secretary ( Examinations ),
The Institute of Chartered Accountants of India,
ICAI Bhawan, Indraprastha Marg,
New Delhi – 110 002.

CA CPT June Exam fee for candidates opting for Abu Dhabi, Dubai, Doha and Bahrain centres will be US $160 ( US $ 150 towards examination fee and US $ 10 towards cost of application form and information brochure ) or its equivalent Indian Currency.

CPT June Exam fee for the candidates opting for Kathmandu centre are required to remit INR.1350/-( INR 850/- towards examination fee and INR 500/- towards the cost of application form and information brochure ) or its equivalent foreign Currency. Since the cost of Information brochure containing Common Proficiency Test application form includes the examination fee, no separate fee is required to be remitted at the time of submitting the filled in application form.

The Information brochure containing Common Proficiency Test application form will also be available in the Regional and Branch Offices of the Institute and can be obtained there from on cash payment on or from 3rd April, 2013.

CPT June 2013 application forms duly filled in may be sent so as to reach the Additional Secretary ( Examinations ) at New Delhi not later than 24th April, 2013. Applications received after 24th April, 2013 shall not be entertained under any circumstances.
CA CPT Exam June applications duly filled in will be received by hand delivery at the offices of Institute at New Delhi and at the Decentralised Offices of the Institute at Mumbai, Chennai, Kolkata, Kanpur, Ahmedabad, Bangalore, Hyderabad, Jaipur and Pune upto 24th April, 2013. Candidates residing in these cities are advised to take advantage of this facility. It may be noted that there is no provision for acceptance of application forms after 24th April, 2013 with late fee.
The candidates who fill up the examination application form online at http://icaiexam.icai.org from 3rd April, 2013 ( 10.00 hrs ) to 24th April, 2013 ( 17.30 hrs ) and remit the fee online by using either VISA or MASTER Credit / Debit Card shall not be charged  500/- ( i.e. cost of application form fee ) in order to popularize filling-in of CPT June Exam application form online.
Common Proficiency Test ( CPT ) is open only to those students who are already registered with the Institute of Chartered Accountants of India for the said course on or before 2nd April, 2013 and fulfill the requisite eligibility conditions.
Online Application Form for Common Proficiency Test ( CPT ) Registration
The students should make the draft payable accordingly to Mumbai, Chennai, Kolkata, Kanpur and NewDelhi respectively. Students, who are submitting application form online, are advised to take a print out of the filled in application form, affix the photograph, sign the application form and despatch to the appropriate office of the Institute as stated above along with relevant documents. A copy of the prospectus will be sent to such students along with the study package if they have included  100 /- towards the cost of Prospectus in the registration fee.

Gujarat, Maharashtra, Goa and Union Territories of Daman & Diu and Dadra & Nagar Haveli	Western India Regional Council of The Institute of Chartered Accountants of India ICAI BHAWAN, 27, Cuffe Parade, Colaba, Mumbai - 400 005, Phone No. : 022 - 39893989 Fax : 022 - 39802953, Email : wro@icai.org.
Andhra Pradesh, Kerala, Karnataka, Tamil Nadu and the Union Territories of Pondicherry and Lakshadweep Islands	Southern India Regional Council of The Institute of Chartered Accountants of India ICAI BHAWAN, 122, M.G. Road, Post Box No. 3314 Nungambakkam, Chennai - 600 034, Phone No. : 044 - 39893989, Fax : 044 - 30210355, Email : sro@icai.org
Assam, Meghalaya, Nagaland, Orissa, West Bengal, Manipur, Tripura, Sikkim, Arunachal Pradesh, Mizoram, Andaman - Nicobar Islands	Eastern India Regional Council of The Institute of Chartered Accountants of India ICAI BHAWAN, 7, Anandilal Poddar Sarani ( Russell Street ), Kolkata - 700 071, Phone No. : 033 - 39893989, Fax : 033 - 30211145, Email : ero@icai.org.
Uttar Pradesh, Bihar, Madhya Pradesh, Rajasthan, Uttaranchal, Chhattisgarh and Jharkhand	Central India Regional Council of The Institute of Chartered Accountants of India ICAI BHAWAN, Post Box No. 314, 16 / 77B, Civil Lines, Behind Reserve Bank of India, Kanpur - 208 001, Phone No. : 0512 - 3989398, Fax : 0512 - 3011173, Email : cro@icai.org
Delhi, Haryana, Himachal Pradesh, Jammu & Kashmir, Punjab and Union Territory of Chandigarh	Northern India Regional Council of The Institute of Chartered Accountants of India ICAI BHAWAN, 52 - 54, Institutional Area, Vishwas Nagar, Shahdara, Delhi - 110 032, Phone No. : 011 - 39893990, 30210601, Fax : 011 - 30210680, Email : nro@icai.org.

CA CPT June Exam Eligibility 2013

Eligibility requirements to appear in CA CPT June 2013 :

I. A candidate shall be eligible to appear in Common Proficiency Test in June, 2013, if he / she has :

Either passed or appeared in the Senior Secondary Examination ( 10+2 examination ) conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto and has complied with such requirements as may be specified by the Council from time to time. ( The list of examinations recognized as equivalent to Senior Secondary Examination )

* As per a recent decision of the Council of the ICAI, candidates with certain higher qualifications are also eligible to appear in the CPT.

ICAI Chartered Accountant Common Proficiency Test - CA CPT Entrance Exam 2013

Common Proficiency Test is an entry level examination for admission to the Chartered Accountancy Course. A 10th Passed student can register for CPT Course by filling in the prescribed registration form along with the requisite fee. A student who has passed higher qualifications than 10th class such as B.Com, M.Com, LL.B., ICWA, CS, MBA is also, in the first instance, to appear and pass CPT Examination to join the Chartered Accountancy Course.

CA CPT June Entrance Exam 2013

No.13-CA ( EXAM )/ CPT / June / 2013 : In pursuance of Regulation 22 of the Chartered Accountants Regulations, 1988, the Council of the Institute of Chartered Accountants of India is pleased to notify that the Common Proficiency Test ( Paper – Pencil Mode ) will be held on 16th June, 2013 ( Sunday ) in two sessions as below, at the following centres provided that sufficient number of candidates offer themselves to appear from each centre.

[ This Common Proficiency Test will be conducted as per provisions of Regulation 25 D ( 3 ) of the Chartered Accountants Regulations, 1988 and the syllabus as published in the pages 291 - 293 of the Journal ‘The Chartered Accountant’ August 2006 issue and pages 12 - 13 of Chartered Accountants Students' Newsletter August 2006 issue. ]

CA CPT June Entrance Exam Pattern 2013
It is an entry level test for Chartered Accountancy Course, which is held twice in a year in June and December. It is a test of four subjects i.e., Accounting, Mercantile Laws, General Economics and Quantitative Aptitude with an objective to test basic knowledge in these subject areas. This test is of 200 marks. This test is divided into two sessions of two hours each with a break in between. CPT is an objective type test with negative marking.
Subjects to be studied in CPT are as follows :
SESSION – 1 ( Two Sections – Two hours – 100 marks )

• Section A : Fundamentals of Accounting ( 60 marks )
• Section B : Mercantile Laws ( 40 marks )

SESSION – II ( Two Sections – Two hours  – 100 marks )

• Section C : General Economics ( 50 marks )
• Section D : Quantitative Aptitude ( 50 marks )

To appear in the Common Proficiency Test ( CPT ) students have to fill separate examination application form as per the Notification / Announcement issued by the Examination Division of the Institute in this regard.


CA CPT June 2013 Exam Date

16th June, 2013 ( Sunday )	First Session ( i.e. Morning Session )	10.30 AM to 12.30 PM ( IST ) Section - A Fundamentals of Accounting Section - B Mercantile Laws
	Second Session ( i.e. Afternoon Session )	2.00 PM to 4.00 PM ( IST ) Section - C General Economics Section - D Quantitative Aptitude