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CA FOUNDATION · PAPER 1 · ACCOUNTANCY
Accounts from Incomplete Records
Single Entry · Statement of Affairs · Debtors A/c · Creditors A/c · Cash A/c · Net Profit by Comparison
3 Levels25 Qs per level 15 shown per attempt80% to unlock next
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Level 1 — Basic
Meaning, features, limitations of single entry; Statement of Affairs; capital calculation.
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Level 2 — Intermediate
Total Debtors A/c, Total Creditors A/c, Cash A/c — finding missing sales, purchases, payments.
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Level 3 — Advanced (CA Level)
Multi-step problems, profit statement, opening stock from GP ratio, combined adjustments — ICAI standard.
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Level 1Score: 0
Q 1 of 15⏱ 60s
QUESTION 1
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