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CA FOUNDATION · PAPER 1 · ACCOUNTANCY
Final Accounts — Sole Proprietors
Trading A/c · P&L A/c · Balance Sheet · Adjustments · Manufacturing A/c
3 Levels25 Qs per level 15 shown per attempt80% to unlock next
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Level 1 — Basic
Trading A/c, P&L A/c, Balance Sheet structure, capital vs revenue, key terms.
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Level 2 — Intermediate
Adjustments — outstanding, prepaid, accrued income, provisions, depreciation, drawings.
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Level 3 — Advanced (CA Level)
Manufacturing A/c, complex multi-adjustment problems, profit calculation, ICAI exam standard.
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Level 1Score: 0
Q 1 of 15⏱ 60s
QUESTION 1
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