CA Inter Advanced Accounting MCQ Test 13

This practice test covers Advanced Accounting for CA Intermediate Group 1 students preparing for the January 2027 examination attempt. It carries 30 marks across 15 questions in 6 case scenarios with a time limit of 60 minutes and no negative marking.

This practice paper carries 30 marks across 15 questions arranged in 6 case scenarios covering AS 19 - Leases, AS 26 - Intangible Assets, AS 13 - Accounting for Investments, AS 7 - Construction Contracts, AS 9 - Revenue Recognition, AS 14 - Accounting for Amalgamations, Chapter 13 - Amalgamation of Companies. Each scenario presents realistic commercial transactions, financial statements, and statutory adjustments requiring practical computations and accounting standard applications.

There are 15 questions carrying 2 marks each, giving a maximum score of 30 marks. The time limit is 60 minutes. There is no negative marking, so an incorrect answer costs nothing.

The questions follow the ICAI Study Material for Paper 1: Advanced Accounting (relevant for the January 2027 examination attempt). This covers Accounting Standards (AS 1 to AS 29 applicable to CA Intermediate), the Framework for the Preparation and Presentation of Financial Statements, and Schedule III Division I of the Companies Act 2013.

The questions are drawn from AS 19 - Leases, AS 26 - Intangible Assets, AS 13 - Accounting for Investments, AS 7 - Construction Contracts, AS 9 - Revenue Recognition, AS 14 - Accounting for Amalgamations, Chapter 13 - Amalgamation of Companies. They evaluate balance sheet carrying amounts, profit and loss adjustments, journal entries, disclosure thresholds, and statutory reserve transfers.

No. This is an independent practice paper prepared for CA Intermediate students. It is not issued by or affiliated with ICAI. Questions are prepared with AI tools and cross-checked by independent solvers; they are not reviewed by a Chartered Accountant.

In exam mode the test is timed and marked upon final submission, providing your score, tier, and a performance certificate. In practice mode you can review answers, step-by-step workings, and standard citations as you work through the questions.

Every question is application-oriented and based on a detailed factual case scenario with realistic corporate events, ledger balances, transaction dates, and practical computations.

Every question on the review screen includes a Report a mistake button that allows students to submit feedback directly.