CA Intermediate Advanced Accounting - Standards Impacting Financial Statements (AS 4, 5, 11, 22) MCQ tests

Chapter-wise practice tests for Chapter 7: Standards Impacting Financial Statements (AS 4 Events After Balance Sheet Date, AS 5 Net Profit/Loss & Prior Period, AS 11 Forex Changes, AS 22 Taxes on Income) of CA Intermediate Paper 1 Advanced Accounting.

Tests here: 3 tests, 60 questions in all, 20 questions in 14 case scenarios in each test, 45 minutes and 40 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, 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..

Each test contains 20 questions (2 case scenarios plus standalone computational/standard application MCQs) totaling 40 marks in 45 minutes, strictly based on ICAI New Scheme case scenario patterns with 2 marks per question and no negative marking.

The questions follow the official ICAI Study Material for CA Intermediate Paper 1 Advanced Accounting, fully aligned with applicable Accounting Standards (AS 1 to AS 29) and the Companies Act 2013 for the January/May 2027 examination attempt.

Yes. Practice mode gives immediate answers with detailed statutory citations and traps explained after every question. Exam mode simulates strict exam conditions with timer and issues a downloadable performance certificate upon submission.