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CA Foundation Accounting MCQs with Answers for January 2027 Exam

Preparing for the CA Foundation Accounting January 2027 exam requires more than reading concepts. Practising MCQs, revising chapter-wise topics and understanding previous-year question trends can help you improve accuracy and manage exam time. Explore important Accounting topics and see how the PW Revizer CA Foundation Accounting book by CA Manish Mahajan supports focused revision and practice.
authorImageAvisha Das2 Nov, 2026
CA Foundation Accounting MCQs with Answers for January 2027 Exam

With the CA Foundation January 2027 exams approaching, MCQ practice is essential for testing how well you understand and apply Accounting concepts. Solving objective questions helps you become familiar with different question patterns, improve accuracy, identify gaps in your preparation and practise making decisions within the exam time limit. 

To support your preparation, PW brings the Revizer CA Foundation Accounting book by CA Manish Mahajan. It combines summary notes, chapter-wise practice, attempt-wise question tagging, previous-year questions, True/False questions and exam-oriented sample papers to help you revise the syllabus and practise different question formats.

Important Topics for CA Foundation Accounting January 2027

The CA Foundation Accounting syllabus covers accounting fundamentals, financial statements, partnership accounts and company accounts. Revising the chapters individually can help you track your progress and identify areas that need more practice.

Section

Important Chapters

Accounting Process and Preparation of Financial Statements

Accounting Process, Depreciation, Bills of Exchange, Bank Reconciliation Statement, Final Accounts of Sole Proprietor, Rectification of Errors, Accounts from Incomplete Records, Financial Statements of Not-for-Profit Organisations and Inventories

Partnership Accounts

Introduction to Partnership Accounts, Admission of Partner, Retirement and Death of a Partner, Dissolution of Firms

Company Accounts

Issue, Forfeiture and Re-Issue of Shares, Issue of Debentures, Accounting for Bonus Issue and Rights Issue, Redemption of Debentures and Redemption of Preference Shares

PW Revizer CA Foundation Accounting MCQ Book by CA Manish Mahajan

The PW Revizer CA Foundation Accounting MCQ book by CA Manish Mahajan is designed to bring revision material and exam-oriented practice together. It covers the Accounting chapters through summary notes, MCQs, previous-year questions, True/False questions and sample papers.

Rather than relying only on chapter reading, you can use the book to revise concepts and then test your understanding through objective questions.

What Does the CA Foundation Accounting MCQ Book Include?

The book offers the following features to support your preparation:

  • Attempt-wise Tagging for Smart Preparation: Identify questions by examination attempt and use them to understand the types of questions asked across different attempts.

  • Chapter-wise Weightage and Trend Analysis: Review chapter-wise weightage and question trends to plan your revision and practice.

  • 15+ Attempts of PYQs with Answers: Practise previous-year questions with answers to become familiar with examination-style questions.

  • Quick Section-wise Summary Notes: Revisit important concepts through concise notes covering the different Accounting sections.

  • Separate True/False Section: Practise statement-based questions and check your understanding of accounting principles and provisions.

  • Exam-oriented Sample Papers with Solutions: Attempt sample papers and use the solutions to review your answers and identify areas that need improvement.

Get the PW Revizer CA Foundation Accounting Book by CA Manish Mahajan: View the book and order details.

How to Prepare for the CA Foundation Accounting January 2027 Exam

A consistent preparation routine can help you cover the syllabus, practise objective questions and improve your ability to apply accounting concepts. You can follow these steps during your revision:

  • Start with the syllabus: Divide the Accounting syllabus into Accounting Process and Financial Statements, Partnership Accounts and Company Accounts. Keep track of the chapters you have completed.

  • Revise concepts before attempting MCQs: Read the relevant topic and make sure you understand the accounting treatment, rules and calculations before solving questions.

  • Practise chapter-wise MCQs: Attempt questions after completing each chapter. Review incorrect answers and revisit the concepts behind them.

  • Solve previous-year questions: Practise questions from different examination attempts to understand how concepts are tested and become familiar with the question format.

  • Include True/False practice: Pay attention to statements involving accounting concepts, rules and provisions. Read each statement carefully before deciding whether it is correct.

  • Attempt sample papers: Practise within the examination time limit and review the solutions afterwards. Note the topics where you lose marks or spend too much time.

  • Revise regularly: Revisit summary notes and difficult questions at regular intervals instead of leaving all revision for the final days.

As the examination approaches, focus on completing the syllabus, improving accuracy and reviewing mistakes from your practice sessions.

Preparing for the CA Foundation Accounting January 2027 exam calls for regular revision, question practice and careful review of your mistakes. Cover the chapters, practise MCQs and PYQs, and use sample papers to assess your readiness. The PW Revizer CA Foundation Accounting book by CA Manish Mahajan brings summary notes, attempt-wise tagging, chapter-wise trend analysis, True/False questions and sample papers with solutions together to support your preparation.

 

FAQs

Where can I find CA Foundation Accounting MCQs with answers for January 2027?

You can practise chapter-wise Accounting MCQs and previous-year questions using the PW Revizer CA Foundation Accounting book by CA Manish Mahajan. It includes answers, summary notes, True/False questions and sample papers with solutions.

Which topics are covered in CA Foundation Accounting?

The topics include Accounting Process, Depreciation, Bills of Exchange, Bank Reconciliation Statement, Final Accounts of Sole Proprietor, Rectification of Errors, Accounts from Incomplete Records, Financial Statements of Not-for-Profit Organisations, Inventories, Partnership Accounts and Company Accounts.

Does the PW Revizer CA Foundation Accounting book include PYQs?

Yes. The book includes 15+ attempts of previous-year questions with answers, along with attempt-wise tagging for practice.

Does the book have chapter-wise Accounting questions?

Yes. It covers chapters across Accounting Process and Preparation of Financial Statements, Partnership Accounts and Company Accounts, helping you practise topics section-wise.
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