Paper 1

Principle and Practice of Accounting

About Practice of Accounting

This is the main area of Chartered accountancy course. This paper, i.e., Principles and practice of accounting (also referred as fundamentals of accounting or accounts) gives a basic framework or set of rules followed in accounting. Globally accepted accounting principles are given at one place in a basic form.The very name of the CA course includes Accountant in it. This signifies the requirement of knowledge of accounting from the 1st level itself.
Principles and Practice of Accounting focuses on providing basic conceptual knowledge of Accounting for preparation of Financial statements, computing accounting ratios and solving simple problems.This paper is intended to give all of you, the upcoming chartered ‘ACCOUNTANCY’ students with a strong foundation helping to enhance your studies in further levels.

Exam Information

Duration:         3 hours

Weightage:         100 Marks

CA Rochelle

CA Rochelle Dsa

CA Malaya

CA Malaya Kumar Panda

Question Paper May 2019
Question Paper Nov 2019

Principles and Practice of Accounting

1  Theoretical Framework

Lecture icon  3 Lectures                      Know More

2  Accounting Process

Lecture icon  16 Lectures                      Know More

3  Bank Reconciliation Statement

Lecture icon  11 Lectures                      Know More

4  Inventories

Lecture icon  4 Lectures                      Know More

5  Concept and Accounting of Depreciation

Lecture icon  6 Lectures                       Know More

6 Accounting for Special Transactions

Lecture icon  19 Lectures                      Know More

7 Preparation of Final Accounts of Sole Proprietors

Lecture icon  8 Lectures                      Know More

8 Partnership Accounts

Lecture icon  25 Lectures                      Know More

9 Financial Statements of Not-for-Profit Organizations

Lecture icon  9 Lectures                      Know More

10  Company Accounts

Lecture icon  10 Lectures                      Know More

6 Accounting for Special Transactions

Lecture icon  13 Lectures                      Know More

Choose Your Plan

₹ 4,200/-*


30 Days

₹ 20,700/-*


180 Days

₹ 34,200/-*


360 Days

Gold Plus
₹ 45,900/-*


540 Days

Explore Our  Plans


Become a LearnCab Member

Learn on the go!

Credit system allows you to plan your learning smartly and with flexibility. Watch the video to find out more about how the credit system works, and how you can leverage this for your success. Learn More


android-download   ios-download



Request a Call Back

Our subject matters experts will get back to you if you have any questions regarding our course content