CA Intermediate Advanced Accounting MCQ tests
Chapters covered
- AS 10 Property, Plant and Equipment (5 Q)
- AS 16 Borrowing Costs (3 Q)
- AS 2 Valuation of Inventories (5 Q)
- AS 29 Provisions, Contingent Liabilities and Contingent Assets (6 Q)
- AS 1 Disclosure of Accounting Policies (2 Q)
- AS 11 The Effects of Changes in Foreign Exchange Rates (8 Q)
- AS 12 Accounting for Government Grants (3 Q)
- AS 15 Employee Benefits (9 Q)
- AS 20 Earnings Per Share (5 Q)
- Buy-back of Securities (9 Q)
- AS 3 Cash Flow Statements (3 Q)
- Schedule III Division I (1 Q)
- AS 19 Leases (5 Q)
- AS 26 Intangible Assets (5 Q)
- AS 28 Impairment of Assets (3 Q)
- AS 5 Net Profit or Loss, Prior Period Items and Changes in Accounting Policies (1 Q)
- AS 7 Construction Contracts (7 Q)
- AS 9 Revenue Recognition (4 Q)
- AS 13 Accounting for Investments (3 Q)
- AS 17 Segment Reporting (2 Q)
- Amalgamation of Companies (AS 14) (4 Q)
- Internal Reconstruction (10 Q)
- Consolidated Financial Statements (AS 21) (4 Q)
- Related Party Disclosures (AS 18) (1 Q)
- Accounting for Taxes on Income (AS 22) (4 Q)
- Discontinuing Operations (AS 24) (1 Q)
- Branch Accounting (4 Q)
- Cash Flow Statements (AS 3) (1 Q)
- AS 16 Borrowing Costs; AS 10 Property, Plant and Equipment (1 Q)
- AS 10 Property, Plant and Equipment; AS 12 Government Grants (1 Q)
- AS 12 Government Grants; AS 10 Property, Plant and Equipment (1 Q)
- AS 11 Foreign Exchange; AS 16 Borrowing Costs (2 Q)
- AS 12 Government Grants (2 Q)
- AS 25 Interim Financial Reporting (check) (1 Q)
- Schedule III Division I; Share capital notes (1 Q)
- Schedule III Division I; Trade receivables (1 Q)
- Schedule III Division I; CWIP ageing (1 Q)
- Schedule III Division I; Contingent liabilities and commitments (1 Q)
- AS 4 Contingencies and Events Occurring After the Balance Sheet Date (1 Q)
- AS 19 Leases and AS 26 Intangible Assets (1 Q)
- AS 5 Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies (3 Q)
- AS 22 Accounting for Taxes on Income (6 Q)
- Amalgamation of Companies and AS 14 (4 Q)
- Accounting Standards for Consolidated Financial Statements (4 Q)
- Accounting Standards – Related Party Disclosures (1 Q)
- Assets Based Accounting Standards – AS 10 (2 Q)
- Assets Based Accounting Standards – AS 16 (1 Q)
- Assets Based Accounting Standards – AS 10 and AS 16 (1 Q)
- Segment Reporting – AS 17 (1 Q)
- Branch Accounting Including Foreign Branches – Independent Branches (1 Q)
- Branch Accounting Including Foreign Branches – Goods in Transit (1 Q)
- Branch Accounting Including Foreign Branches – Reconciliation (1 Q)
- Branch Accounting Including Foreign Branches – Incorporation of Trial Balance (1 Q)
- Financial Statements of Companies – Schedule III Division I (1 Q)
- AS 24 Discontinuing Operations (2 Q)
- Amalgamation of Companies (8 Q)
- Consolidated Financial Statements (AS 23) (4 Q)
- Interim Financial Reporting (AS 25) (1 Q)
- Property, Plant and Equipment (AS 10) (1 Q)
- Impairment of Assets (AS 28) (3 Q)
- Events After the Balance Sheet Date (AS 4) (1 Q)
- Branch Accounting Including Foreign Branches (4 Q)
- Financial Statements of Companies (2 Q)
- Accounting Standards — Borrowing Costs (2 Q)
- Accounting Standards — Valuation of Inventories (2 Q)
- Accounting Standards — Disclosure of Accounting Policies (1 Q)
- Accounting Standards — Taxes on Income (2 Q)
- Other Accounting Standards — Government Grants (2 Q)
- Accounting Standards — Segment Reporting (1 Q)
- Financial Statements of Companies — Schedule III Division I (4 Q)
- AS 18 Related Party Disclosures (1 Q)
- Branch Accounting including Foreign Branches (5 Q)
- Leases (3 Q)
- Intangible Assets (1 Q)
- Accounting for Investments (1 Q)
- Construction Contracts (2 Q)
- Revenue Recognition (2 Q)
- AS 21 Consolidated Financial Statements (4 Q)
- AS 25 Interim Financial Reporting (1 Q)
- Buy-back of Securities (Ch 12) (3 Q)
- Buy-back of Securities (Ch 12) with Schedule III (Ch 11) (1 Q)
- Amalgamation of Companies (Ch 13) (1 Q)
Practice tests
- CA Inter Advanced Accounting MCQ Test 1
30 marks, 60 minutes, 15 questions - CA Inter Advanced Accounting MCQ Test 2
30 marks, 60 minutes, 15 questions - CA Inter Advanced Accounting MCQ Test 3
30 marks, 60 minutes, 15 questions - CA Inter Advanced Accounting MCQ Test 4
30 marks, 60 minutes, 15 questions - CA Inter Advanced Accounting MCQ Test 5
30 marks, 60 minutes, 15 questions - CA Inter Advanced Accounting MCQ Test 6
30 marks, 60 minutes, 15 questions - CA Inter Advanced Accounting MCQ Test 7
30 marks, 60 minutes, 15 questions - CA Inter Advanced Accounting MCQ Test 8
30 marks, 60 minutes, 15 questions - CA Inter Advanced Accounting MCQ Test 9
30 marks, 60 minutes, 15 questions - CA Inter Advanced Accounting MCQ Test 10
30 marks, 60 minutes, 15 questions - CA Inter Advanced Accounting MCQ Test 11
30 marks, 60 minutes, 15 questions - CA Inter Advanced Accounting MCQ Test 12
30 marks, 60 minutes, 15 questions - CA Inter Advanced Accounting MCQ Test 13
30 marks, 60 minutes, 15 questions - CA Inter Advanced Accounting MCQ Test 14
30 marks, 60 minutes, 15 questions - CA Inter Advanced Accounting MCQ Test 15
30 marks, 60 minutes, 15 questions
Answer keys
Every question with the correct answer, the working behind it and the authority it rests on.
- CA Inter Advanced Accounting MCQ Test 1 — answers
15 questions, answers, explanations and the authorities they rest on - CA Inter Advanced Accounting MCQ Test 2 — answers
15 questions, answers, explanations and the authorities they rest on - CA Inter Advanced Accounting MCQ Test 3 — answers
15 questions, answers, explanations and the authorities they rest on - CA Inter Advanced Accounting MCQ Test 4 — answers
15 questions, answers, explanations and the authorities they rest on - CA Inter Advanced Accounting MCQ Test 5 — answers
15 questions, answers, explanations and the authorities they rest on - CA Inter Advanced Accounting MCQ Test 6 — answers
15 questions, answers, explanations and the authorities they rest on - CA Inter Advanced Accounting MCQ Test 7 — answers
15 questions, answers, explanations and the authorities they rest on - CA Inter Advanced Accounting MCQ Test 8 — answers
15 questions, answers, explanations and the authorities they rest on - CA Inter Advanced Accounting MCQ Test 9 — answers
15 questions, answers, explanations and the authorities they rest on - CA Inter Advanced Accounting MCQ Test 10 — answers
15 questions, answers, explanations and the authorities they rest on - CA Inter Advanced Accounting MCQ Test 11 — answers
15 questions, answers, explanations and the authorities they rest on - CA Inter Advanced Accounting MCQ Test 12 — answers
15 questions, answers, explanations and the authorities they rest on - CA Inter Advanced Accounting MCQ Test 13 — answers
15 questions, answers, explanations and the authorities they rest on - CA Inter Advanced Accounting MCQ Test 14 — answers
15 questions, answers, explanations and the authorities they rest on - CA Inter Advanced Accounting MCQ Test 15 — answers
15 questions, answers, explanations and the authorities they rest on
About this paper
Practice tests for the Advanced Accounting paper. The questions follow the Part I MCQ pattern of the ICAI examination paper: case scenarios with numerical and practical application questions of 2 marks each. Each test has 15 questions in 6 case scenarios, carries 30 marks and runs for 60 minutes, with no negative marking.
Tests here: 15 tests, 225 questions in all, 15 questions in 6 case scenarios in each test, 60 minutes and 30 marks each, no negative marking. After you submit you see your score, a chapter-wise and difficulty-wise breakdown, and an explanation for every question.
Law and standards used: Accounting Standards (AS 1 to AS 29 applicable to CA Intermediate), Framework for the Preparation and Presentation of Financial Statements, and Companies Act 2013 (Schedule III Division I and relevant Rules) as in the ICAI Study Material for Paper 1; Accounting Standards (AS 1 to AS 29 applicable to CA Intermediate), Framework for the Preparation and Presentation of Financial Statements, and Companies Act 2013 (Schedule III Division I, Sections 68/69 Buy-back, Amalgamation and Internal Reconstruction) as in the ICAI Study Material for Paper 1.
Questions people ask
What is the pattern of these tests?
The same as Part I of the ICAI paper: dense case scenarios presenting realistic business, statutory, and accounting transactions, followed by questions testing practical computations, balance sheet carrying amounts, and standard disclosures. Every question carries 2 marks.
What does this paper cover?
The full syllabus of CA Intermediate Group 1 Paper 1: Advanced Accounting. This includes the Framework for the Preparation and Presentation of Financial Statements, all applicable Accounting Standards (AS 1 to AS 29 as notified for CA Intermediate), Company Accounts under Schedule III Division I, Buy-back of Securities (Sections 68 and 69), Amalgamation of Companies (AS 14 and Chapter 13), Internal Reconstruction (Chapter 14), and Branch Accounting including Foreign Branches (Chapter 15).
How long is each test and how is it marked?
Each test runs for 60 minutes and carries 30 marks across 15 questions arranged in 6 case scenarios. Every question carries 2 marks. There is zero negative marking, so an incorrect answer costs you nothing.
Which accounting standards and law apply to these questions?
The questions follow the latest ICAI Study Material for Paper 1 (relevant for the January 2027 examination attempt), including Accounting Standards (AS 1 to AS 29 applicable to CA Intermediate) and the Companies Act 2013 with Schedule III Division I.
Will I get a certificate?
Yes. When you take the test in timed exam mode and submit, you can download a performance certificate showing your score, tier, and time taken, formatted as a PNG or PDF.
Practice test by HeyArtha. Not issued by or affiliated with ICAI.