CA Foundation Exam Preparation

Other Essential Elements of a Contract – MCQs 1. Which of the following is not an essential element of a valid contract?A. Free ConsentB. Lawful ConsiderationC. RegistrationD. Lawful Object Answer: C. Registration 2. Consent is said to be free when it is not caused by:A. CoercionB. Undue InfluenceC. FraudD. All of the above Answer: D. […]

Accounts from Incomplete Records – MCQs 1. What is another name for the Single Entry System?A. Double Entry SystemB. Incomplete Accounting SystemC. Cash SystemD. Accrual SystemAnswer: B. Incomplete Accounting System 2. Under the Single Entry System, which of the following accounts are generally maintained?A. All accountsB. Only Personal and Real accountsC. Only Personal and Cash […]

Financial Statements and Non-Profit Organisations: MCQs 1. What is the primary objective of preparing financial statements for a non-profit organisation? A) To determine net profitB) To find capital employedC) To show financial position and performanceD) To calculate depreciationAnswer: C – The primary objective is to show the financial position and performance. 2. The financial statements […]

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The CA FOUNDATION MOCK TEST WITH ANSWER KEYS is an essential tool for aspiring Chartered Accountants to evaluate their preparation and identify areas for improvement. Designed to replicate the actual exam environment, these mock tests help students familiarize themselves with the exam pattern, marking scheme, and question format. By practicing with mock tests, candidates can build […]