CA Intermediate Advanced Accounting MCQs with Answers for January 2027 Exam

Advanced Accounting questions in CA Intermediate require you to understand accounting treatments, apply relevant Accounting Standards, and work through practical situations. You may need to classify items in company financial statements, calculate amounts under different accounting treatments, analyse cash flows, or determine the appropriate treatment for business combinations and investments.

The CA Intermediate Advanced Accounting MCQs with Answers for January 2027 Exam by PW provide practice across these areas through chapter-wise questions and case scenarios. You can use them to revise important accounting concepts, test your understanding of Accounting Standards, and practise applying accounting principles to different numerical and conceptual questions.

CA Intermediate Advanced Accounting MCQs with Answers for January 2027 Exam

1. Trade payables as per Schedule III will include:
a) Dues payable in respect to statutory obligation
b) Interest accrued on trade payables.
c) Bills payables.
d) Bills receivables

Answer: c) Bills payables.

2. Securities Premium Account is shown on the liabilities side in the Balance Sheet under the heading:
a) Reserves and Surplus.
b) Current Liabilities.
c) Share Capital.
d) Share application money pending allotment

Answer: a) Reserves and Surplus.

3. “Fixed assets held for sale” will be classified in the company’s balance sheet as:
a) Current asset
b) Non-current asset
c) Capital work-in-progress
d) Deferred tax assets

Answer: a) Current asset

4. Current maturities of long-term debt will come under:
a) Current Liabilities.
b) Short term borrowings.
c) Long term borrowings.
d) Short term provisions

Answer: a) Current Liabilities.

5. Declaration of dividends for the current year is made after providing for:
a) Depreciation of past years only.
b) Depreciation on assets for current year & arrears of depreciation of past years (if any).
c) Depreciation on current year only and by forgoing arrears of depreciation of past years.
d) Excluding current year depreciation

Answer: b) Depreciation on assets for current year & arrears of depreciation of past years (if any).

CA Intermediate Advanced Accounting MCQ PDF 

Use the CA Intermediate Advanced Accounting MCQ PDF by PW to practise questions from key chapters, including Financial Statements of Companies, Cash Flow Statements, Buy-Back of Securities, Internal Reconstruction, Amalgamation, Branch Accounting, and Accounting Standards (AS 1 to AS 29). Attempt the 40 case scenarios covering individual and combined Accounting Standards to test your understanding and revise important accounting concepts.

Why Solve the CA Intermediate Advanced Accounting MCQs by PW?

The CA Intermediate Advanced Accounting MCQ PDF covers company accounts, financial statement preparation, business restructuring, and the application of different Accounting Standards. Solving these questions can help you practise accounting treatments, understand the application of standards, and prepare for case-based questions.

• Practise Financial Statements of Companies: Solve questions based on Schedule III of the Companies Act, 2013, including the classification of assets and liabilities, reserves and surplus, share capital, trade receivables, and trade payables. Practise questions involving current and non-current borrowings, dividend classification, and financial statement disclosures.

• Understand Cash Flow Statements (AS 3): Attempt questions based on cash flow classification and the preparation and presentation of cash flow statements. Practise applying AS 3 to different financial transactions and case scenarios.

• Apply Buy-Back of Securities Concepts: Work through questions involving buy-back of securities to practise the accounting treatment and calculations associated with this topic. The PDF also includes multiple case scenarios dedicated to buy-back questions.

• Solve Internal Reconstruction Questions: Practise problems based on internal reconstruction to understand the accounting treatment of financial restructuring and related adjustments.

• Practise Amalgamation and Branch Accounting: Solve questions on amalgamation under AS 14 and branch accounting to revise the accounting treatment and calculations involved in these chapters.

• Revise Accounting for Investments (AS 13): Attempt questions involving accounting for investments and practise applying the relevant accounting principles to investment-related transactions.

• Understand Consolidated Financial Statements (AS 21): Practise questions on consolidated financial statements and revise the accounting concepts involved in preparing consolidated accounts.

• Cover Important Accounting Standards: Solve MCQs from standards such as AS 1 (Disclosure of Accounting Policies), AS 2 (Valuation of Inventories), AS 7 (Construction Contracts), AS 9 (Revenue Recognition), AS 10 (Property, Plant & Equipment), AS 15 (Employee Benefits), AS 16 (Borrowing Costs), AS 19 (Leases), AS 20 (Earnings Per Share), and AS 29 (Provisions, Contingent Liabilities and Contingent Assets), along with other standards covered in the PDF.

• Practise Case-Based Questions: Attempt all 40 case scenarios covering individual and combined Accounting Standards, including AS 3, AS 4, AS 9, AS 10, AS 11, AS 12, AS 13, AS 16, AS 18, AS 19, AS 23, AS 28, and AS 29. These scenarios also cover Buy-Back of Securities, Internal Reconstruction, and Financial Statements of Companies.

• Check Your Answers: Use the provided answers to review your attempts and identify questions that require further practice. Revisit the relevant accounting treatment or standard whenever you find an error.

Practising the CA Intermediate Advanced Accounting MCQs with Answers by PW will help you revise the chapters systematically before the January 2027 examination. Attempt the chapter-wise questions first, then move on to the case scenarios to practise applying multiple accounting concepts and standards in the same situation.

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