COMMON PROFICIENCY TEST
- Section A Fundame tals f Acc ti Section B Merca tile Law Section.
- C General Ec mics Section D Quantitati e A tit
- e MINIMUM PASSING MARKS FOR CPT Section A Fundamentals f Acc ti B Merca tile Law C
Accounting as a meas reme t isci li e estimates 2. Accounting Process Books of Accounts leadin t t e re arati f Trial Bala ce Ca ital a re e e expenditures, Capital and re e e recei ts C ti e t assets a Fundamental errors includi rectificati s t ere f 3. Bank Reconciliation Statement 4. Inventories Basis of inventory valuatio a rec r ee i 5. Depreciation accounting Methods, computation and acc ti treatme t f methods. 6. Preparation of Final Accounts f r S le Pr priet rs 7. Accounting for Special Tr ns cti ns (a) Consignments (b) Joint Ventures (c) Bills of exchange a r miss r tes (d) Sale of goods on ap r al r 8. Partnership Accounts Final accounts of partnershi firms of a partner including treatme t f will 9. Introduction to Company Acc unts Issue of shares and debe t res f rfeit re f redemption of preference s ares COMMON PROFICIENCY TEST SYLLABUS (One paper – Four hours – 200 Marks) Level of
Knowledge: Basic knowledge SESSION – I (Two Sections– Two hours – 100 Marks) CPT F ame tals f Acc unting Syllabus For June 2017 Fundamentals of Accounting ( 60 Marks ) The retic l Fr mework Mea i a Scope of accounting Acc ti Concepts, Principles and Conventions Acc ti Standards – concepts, objectives, benefits Acc ti Policies Acc ti as a measurement discipline – valuation principles, acc ti B s f Acc ts leading to the preparation of Trial Balance, Capital a re e e e e it res Ca ital and revenue receipts, Contingent assets and contin e t lia ilities F ame tal err rs including rectifications thereof. B nk Rec ncili ti n Statement Basis f i e t r aluation and record keeping. Depreci ti n cc unting Met s c m tation and accounting treatment of depreciation, Change i e reciati Prep r ti n f Fin l Accounts for Sole Proprietors Acc untin f r Special Transactions Bills f e c ange and promissory notes Sale f s on approval or return basis. Fi al acc ts f artnership firms – Basic concepts of admission, retireme t a eat f a art er i cl i g treatment of goodwill. Intr ducti n t C mpany Accounts Iss e f s ares a d debentures, forfeiture of shares, re-issue of forfeite s ares re em ti f reference shares. al ati ri ci les, accounting B s f Acc ts lea i t t e re arati f Trial Bala ce Capital and revenue contingent liabilities, e reciati Change in depreciation Basic c ce ts f a missi retirement and death iss e of forfeited shares,