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200 Marks
60 Marks
Min. 18 Marks
40 Marks
12 Marks
50 Marks
15 Marks
50 Marks
15 Marks
Session I:
Session II:
2.
Theoretical Framework
(i)
(ii)
(iii)
(iv)
Accounting Policies
(v)
Books of Accounts leading to the preparation of Trial Balance, Capital and revenue expenditures, Capital
and revenue receipts, Contingent assets and contingent liabilities, Fundamental errors including
rectifications thereof.
3.
4.
Inventories
Basis of inventory valuation and record keeping.
5.
Depreciation accounting
Methods, computation and accounting treatment of depreciation, Change in depreciation methods.
6.
7.
Consignments
(b)
Joint Ventures
(c)
(d)
8.
Partnership Accounts
Final accounts of partnership firms Basic concepts of admission, retirement and death of a partner
including treatment of goodwill.
9.
Objective:
To test the general comprehension of elements of mercantile law
Contents
The Indian Contract Act , 1872: An overview of Sections 1 to 75 covering the general nature of
1.
contract , consideration , other essential elements of a valid contract , performance of contract and breach of
contract.
2.
The Sale of Goods Act, 1930: Formation of the contract of sale Conditions and Warranties
Transfer of ownership and delivery of goods Unpaid seller and his rights.
3.
The India Partnership Act, 1932: General Nature of Partnership Rights and duties of partners
Roll Number and Question Paper Booklet Code as given to him/her viz. A or B or C or D, with black
ball point pen in the boxes and darken appropriate circles with good quality H.B. Pencil only. In case
any candidate fills in this information wrongly, the Institute will not take any responsibility for
rectifying the mistake. The Question Paper Booklet Code as darkened by the candidate will be final
and the result will be processed on the basis of the circle(s) darkened by him/her.
15. Each candidate will be given one Question Paper Booklet of English or Hindi language, as opted by
him, and one OMR Answer Sheet (in English language only ) for each session. He will be required to
surrender the Question Paper Booklet together with Answer Sheet at the conclusion of each session
of examination against acknowledgement by the Invigilator on the reverse side bottom portion of
the admit card. In other words, he will not be allowed to carry the Question Paper Booklet to home.
16. Each column in the answer sheet corresponds to the serial number of question given in the question
paper booklet. In each column, there are four circles which correspond to the four options for
answer of which one is to be darkened on the answer sheet only. Any answer marked/darkened in
the Question Paper Booklet will not be taken cognizance of and no marks will be awarded.
17. Candidates are required to sign in the OMR Answer Sheets and Attendance Register in the same
style as they have signed in their CPT exam application form and appearing in the Admit Card.
18. The Question Paper Booklet of each session will consist of 100 objective type questions. Each
question will be of one mark and for every question, four options for an answer will be given in the
Booklet. The candidate is required to select one amongst the options as his answer and darken with
HB Pencil that circle viz. A or B or C or D, as the case may be, to be the answer in the OMR answer
sheet.
Example
19. For each correct answer, one mark will be awarded. For each wrong answer, 1/4th of the mark
earmarked for each question will be deducted. Multiple darkened circles for a question will be treated
as wrong answer. And, for questions not answered i.e. blanks, a zero will be given.
20. A candidate to be eligible to be declared pass in CPT must secure at one sitting a minimum of thirty
percent marks in each section and a minimum of fifty percent marks in aggregate of all the sections
comprised in CPT (Examination), subject to the principle of negative marking. Please see the
illustration below:
Session
Section
Morning
Morning
Maximum
Marks
Minimum*
Marks
Fundamentals
of
Accounting
60
18
Mercantile
Laws
40
Subject
12
Timings
10.30 A.M.
to
12.30 P.M.
(IST)
Reporting
Time
10.00 A.M.
(IST)
General
Economics
50
15
2.00 P.M. to
4.00 P.M.
1.30 P.M.
(IST)
4/5
Afternoon
Quantitative
Aptitutde
Total
21.
22.
23.
24.
25.
50
15
200
100*
(IST)
* Note : From June, 2013 CPT onwards, in order to pass the CPT (Examination), a candidate is
required to secure, at one sitting, a minimum of 30 percent marks in each section and a
minimum of 50 percent marks in the aggregate of all sections.
Merit List upto 10th rank out of the candidates securing a minimum of 60 percent marks will be
prepared and candidates concerned will be informed. A candidate scoring 70 percent marks and
above will be declared to have passed with Distinction.
A candidate has the option to erase the answer if he wants to change the answer already darkened.
In such a case, he should erase it completely with good quality eraser and ensure that no mark is
visible after erasing.
Candidates are required to maintain complete discipline in the examination hall and any
misdemeanor on his part (i.e. talking to, receiving / giving any help, copying from any text, defying
instruction of the Invigilator etc.) will tantamount to adoption of unfair means in the examination. In
such a situation, the candidate concerned will be expelled from the examination and will be subject
to disciplinary action, as deemed fit, as per the Chartered Accountants Regulations, 1988.
Candidates may bring a card board or clip board on which nothing should be written so that they
have no difficulty in darkening circles in OMR Answer Sheet as the tables provided in the
examination hall may or may not have even or smooth surface.
For any inadvertent printing mistake or framing of the question, he should write to the Additional
Secretary (Exams), ICAI within a week of the date of CPT examination.
If the registration number column is blank or registration number printed is not correct on the Admit Card,
please verify the same with the Common Proficiency Course registration number quoted in the letter of
registration received from the concerned Regional Office of the Institute for correctness. Such a candidate
may write his correct Common Proficiency Course registration number and date of registration to Common
Proficiency Course in the registration no. column with pen in the attendance register in the examination
hall.