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Chapter 12: Buy Back of Securities and Equity Shares with Differential Rights - Test 1

Group 1May 2027 attempt40 marks45 minutesNo negative marking
Marks
40
Time
45 minutes
Questions
20
Scenarios
14
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

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About this test

This chapter-wise practice test covers Chapter 12: Buy Back of Securities and Equity Shares with Differential Rights - Test 1 for CA Intermediate Group 1 students preparing for the May 2027 examination attempt. It carries 40 marks across 20 questions in case scenarios and standalone practical MCQs with a time limit of 45 minutes and no negative marking.

Questions people ask

What does this Chapter 12: Buy Back of Securities and Equity Shares with Differential Rights - Test 1 practice test cover?

This practice test carries 40 marks across 20 questions covering practical computations, Accounting Standards application, disclosures, and statutory criteria.

How many questions are there and what is the time limit?

There are 20 questions carrying 2 marks each, giving a maximum score of 40 marks in 45 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.