CSEET Fundamentals of Accounting PYQ June 2026: Question Paper and Available Answers
CS CSEET
Fundamentals of Accounting
PYQS Series
June 2026
17 Questions Indexed
ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS CSEET Fundamentals of Accounting PYQS (June 2026). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- On 1st August, 2022 Happy & Lucky Associates, a firm purchased a machine for ₹ 3,90,000 and spent ₹ 10,000 on its installation. It decided to provide depreciation @15% per annum, u
- Mention the purposes for which securities premium can be utilized.
- From the following particulars prepare a Bank Reconciliation Statement on 31st March, 2026: Bank balance as on 31st March, 2026 as per Pass Book ₹ 15,200. Bank charges debited ₹ 95
- Prepare an extract of Balance Sheet as at 31st March, 2026 for prize fund : Prizes awarded: ₹ 200 Prize Fund as at 31.3.2025: ₹ 10,000 Donations for prizes received during the year
- You have joined a company as Compliance Officer. Pramod, Managing Director, of the company wants to know from you the various principles and conventions used in accounting. Write a
- From the following information, prepare a schedule of Intangible Assets as it would appear in the Notes to Accounts of Balance Sheet of Tough Ltd. as at 31st March, 2026: Goodwill:
- The Cash Book of Clever & Wise, a firm showed an overdraft of ₹ 30,000 on 31st March, 2026. A comparison of the entries in the cash book and pass book revealed that: On 22nd March,
- AE, BF and CG were partners in a firm named Sampark sharing profits and losses in the ratio of 3:2:1. They decided to dissolve their firm w.e.f. 31st December, 2025, the Balance Sh
- On 1st April, 2025, Ruby, Emerald & Diamond entered into partnership with capitals of ₹ 60,000, ₹ 50,000 and ₹ 90,000 respectively. Ruby advanced ₹ 10,000 as loan to the partnershi
- What is meant by 'pro-rata allotment' of securities ? Under what circumstances is it made ?
- The following is the trial balance of VK & Sons on 31st March, 2026: Particulars Dr (₹) Cr (₹) Capital 8,00,000 Opening Stock 1,00,000 Purchase and Sales 6,00,000 9,50,000 Sales re
- OMEGA LTD. issued 25,000 equity shares of ₹ 100 each at a premium of ₹ 25 per share payable as follows: On application ₹ 50 On allotment ₹ 50 including premium of ₹ 25 On final cal
- Amrita and Sumana signed partnership deed on 1st July, 2025. They agreed that Sumana will be entitled to a commission of 20% of the net profit after charging Amrita's salary of ₹ 5
- The following is the Receipts and Payment Account for Victory Sport Club for the year ended 31st December, 2025 : Receipts and Payments Account: Receipts ₹ Payments ₹ To Cash in ha
- Rustam Ltd. forfeited 500 shares of ₹ 100 each, ₹ 70 called up, on which the shareholder had paid application money of ₹ 30 per share only. These shares were subsequently reissued
- In which book of original entry would the following transactions be entered ? Goods sold on credit were returned by a customer and cash was given immediately. A machinery was purch
- B Ltd. purchased machinery for ₹ 1,50,000 on 1st April, 2022. The estimated life is 10 years and the scrap value after 10 years is estimated at ₹ 15,000. Depreciation @10% is charg
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