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CA Intermediate Advanced Accounting - Other Accounting Standards (AS 12, 14) MCQ tests

Group 1May 2027 attempt40 marks45 minutesNo negative marking

Chapters covered

Practice tests

Answer keys

Every question with the correct answer, the working behind it and the authority it rests on.

About this paper

Chapter-wise practice tests for Chapter 9: Other Accounting Standards (AS 12 Government Grants, AS 14 Accounting for Amalgamations Standard) 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..

Questions people ask

What is the pattern of this chapter-wise test series for Other Accounting Standards (AS 12, 14)?

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.

Which accounting standards and study material apply to these questions?

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.

Can I sit these tests in both exam and practice modes?

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.

Practice test by HeyArtha. Not issued by or affiliated with ICAI.