Accounting is the one of the most crucial subjects in the CA Foundation exam and students' grip over its concepts can directly impact your overall performance. That’s why Bhagya Achievers Test Series created CA Foundation Accounting Free Download Study Notes that are clear, concise, and built to help you score better.
Our CA Foundation Accounting free notes provide chapter-wise coverage, starting from basic accounting principles to solving advanced application-based problems. These CA Foundation free download PDFs simplify everything into easy to understand formats.
CA Foundation Accounting: Overview
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Paper Code
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Paper 1
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Marks
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100
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Type
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Descriptive
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Duration
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3 hour
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CA Foundation Accounting Latest Syllabus
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CA Foundation Accounting Updated Syllabus
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CA Foundation Accounting Chapters
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CA Foundation Accounting Units
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CA Foundation Accounting Module 1
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Chapter 1: Theoretical Framework
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Meaning and Scope of Accounting
Accounting Concepts, Principles and Conventions
Capital and Revenue Expenditures and Receipts
Contingent Assets and Contingent Liabilities
Accounting Policies
Accounting as a Measurement Discipline – Valuation Principles, Accounting Estimates
Accounting Standards
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Chapter 2: Accounting Process
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-
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Chapter 3: Bank Reconciliation and Statement
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-
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Chapter 4: Inventories
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-
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Chapter 5: Depreciation and Amortisation
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-
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Chapter 6: Bills of Exchange and Promissory Notes
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-
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Chapter 7: Preparation of Final Accounts of Sole Proprietors
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Final Accounts of Non-Manufacturing Entities
Final Accounts of Manufacturing Entities
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CA Foundation Accounting Module 2
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Chapter 8: Financial Statements of Not-for-Profit Organisations
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-
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Chapter 9: Accounts from Incomplete Records
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-
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Chapter 10: Partnership and LLP Accounts
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Introduction to Partnership Accounts
Treatment of Goodwill in Partnership Accounts
Admission of a New Partner
Retirement of a Partner
Death of a Partner
Dissolution of Partnership Firms and LLPs
Annexure-II
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Chapter 11: Company Accounts
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Introduction to Company Accounts
Issue, Forfeiture and Re-Issue of Shares
Issue of Debentures
Accounting for Bonus Issue and Right Issue
Redemption of Preference Shares
Redemption of Debentures
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CA Foundation Accounting Weightage
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CA Foundation Accounting Contents
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CA Foundation Accounting Section
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CA Foundation Accounting Weightage
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1. Theoretical Framework
(i) Meaning and scope of accounting
(ii) Accounting Concepts, principles and conventions
(iii) Capital and revenue expenditure, capital and revenue receipts, contingent assets and contingent liabilities
(iv) Accounting policies
(v) Accounting as a measurement discipline – valuation principles, accounting estimates
(vi) Accounting Standards - concepts and objectives.
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I
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5%-10%
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2. Accounting Process
(i) Recording accounting transactions: principles of double entry book-keeping, books of original entry - journal, subsidiary books, cash book, ledger-format, posting from journal and subsidiary books, balancing of accounts
(ii) Preparation of trial balance (iii) Rectification of errors.
3. Bank Reconciliation Statement Introduction, reasons and preparation of bank reconciliation statement.
4. Inventories Meaning, Basis and technique of inventory valuation, Cost of Inventory, Net Realizable value and Record System.
5. Depreciation and Amortisation Tangible and Intangible assets - Meaning and difference, concepts, methods of computation and accounting treatment of depreciation / amortization, change in depreciation method.
6. Bills of exchange and Promissory notes Meaning of bills of exchange and promissory notes and their accounting treatment; accommodation bills.
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II
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30%-35%
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7. Preparation of Final accounts of Sole Proprietors
Elements of financial statements, closing adjustment entries, trading account, profit and loss account and balance sheet of manufacturing and non-manufacturing entities.
8. Financial Statements of Not-for Profit Organizations Significance and preparation of receipt and payment account, income and expenditure account and balance sheet, difference between profit and loss account and income and expenditure account.
9. Accounts from Incomplete Records (excluding preparation of accounts based on ratios)
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III
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20%-25%
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10. Partnership and LLP Accounts
(i) Final accounts of partnership firms and LLP’s
(ii) Admission, retirement and death of a partner including treatment of goodwill
(iii) Dissolution of partnership firms and LLP’s including piecemeal distribution of assets
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IV
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15%-20%
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11. Company Accounts
(i) Definition of shares and debentures
(ii) Issue of shares and debentures, forfeiture of shares, re-issue of forfeited shares
(iii) Redemption of preference shares and debentures (excluding purchase and redemption of own debentures and sinking fund method)
(iv) Accounting for bonus issue and right issue
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V
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15%-25%
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Frequently Asked Questions
Q1 Is CA Foundation Accounting Paper Difficult to Clear?
Ans. CA Foundation Accounting Paper depends on your commerce background. For commerce students, it’s manageable with practice. Non commerce students may need extra time to grasp accounting basics.
Q2 Are there MCQs in CA Foundation Accounting Paper?
Ans. No, the CA Foundation Accounting paper is entirely subjective with questions based on practical problems and theoretical answers.
Q3 Is Calculator allowed in CA Foundation Accounting Paper?
Ans. Yes, 12 digit ordinary calculators are allowed as per ICAI guidelines in CA Foundation Accounting Paper.
Q4 Are Free Download CA foundation Accounting notes suitable for self study?
Ans. Yes, these CA Foundation Accounting free notes are both coaching and self study learners to score high scores.
Q5 Are handwritten notes included for all CA Foundation Accounting chapters?
Ans. Yes, Bhagya Achievers provides free download handwritten notes for all CA Foundation Accounting chapters. They are designed to boost visual memory, simplify complex topics, and make revision more effective.
Q6 Can I share CA Foundation Accounting Notes with my friends?
Ans. Yes, these CA Foundation Accounting free download PDF notes can be freely shared.
Q7 How can I clear doubts related to the topics in the notes?
Ans. You can join Bhagya Achievers Community where mentors and peers discuss doubts regularly.
Q8 Will these CA Foundation Accounting notes help me score better in CA Foundation Accounting?
Ans. Definitely, our CA Foundation Accounting free download notes PDFs focus on high score areas, previous year trends, and important adjustments.
