Chapter 1: Introduction to Accounting Standards - Test 1
- Marks
- 30
- Time
- 35 minutes
- Questions
- 15
- Scenarios
- 9
- Negative marking
- None
- Attempt
- May 2027
- Law basis
- Accounting Standards (AS 1 to AS 29) applicable to CA Intermediate, the Companies Act, 2013 and Schedule III Division I (Non-Ind AS) as in the ICAI Study Material for Paper 1 Advanced Accounting for the May 2027 examination attempt.
- Content as of
- 2026-11-09
Chapters covered
- Chapter 1: Introduction to Accounting Standards (15 Q)
More tests in this paper
- Chapter 1: Introduction to Accounting Standards - Test 2
30 marks, 35 minutes
About this test
This chapter-wise practice test covers Chapter 1: Introduction to Accounting Standards - Test 1 for CA Intermediate Group 1 students preparing for the May 2027 examination attempt. It carries 30 marks across 15 questions in case scenarios and standalone practical MCQs with a time limit of 35 minutes and no negative marking.
Questions people ask
What does this Chapter 1: Introduction to Accounting Standards - Test 1 practice test cover?
This practice test carries 30 marks across 15 questions covering practical computations, Accounting Standards application, disclosures, and statutory criteria.
How many questions are there and what is the time limit?
There are 15 questions carrying 2 marks each, giving a maximum score of 30 marks in 35 minutes with no negative marking.
Which accounting standards and study material apply?
Questions strictly reflect the official ICAI Study Material for Paper 1 Advanced Accounting, following applicable Accounting Standards (AS 1 to AS 29) and Schedule III Division I for the 2027 examination sessions.
Is this test affiliated with ICAI?
No. This is an independent practice paper prepared for CA Intermediate students. It is not issued by or affiliated with ICAI.
Practice test by HeyArtha. Not issued by or affiliated with ICAI.