An independent, unofficial guide to the current CA Foundation Paper 1 (Accounting) exam set by the Institute of Chartered Accountants of India (ICAI) — not affiliated with or endorsed by ICAI.
Theoretical FrameworkAccounting Process Bank Reconciliation StatementInventories Depreciation & AmortisationBills of Exchange & Promissory Notes Final Accounts of Sole ProprietorsNot-for-Profit Financial Statements Accounts from Incomplete RecordsPartnership & LLP Accounts Company Accounts
| Syllabus Module | Category |
|---|---|
| Theoretical Framework | Conceptual |
| Accounting Process, Bank Reconciliation Statement | Mechanics |
| Inventories, Depreciation and Amortisation | Valuation |
| Bills of Exchange and Promissory Notes | Negotiable Instruments |
| Final Accounts of Sole Proprietors, Not-for-Profit Financial Statements, Accounts from Incomplete Records | Financial Statements |
| Partnership and LLP Accounts, Company Accounts | Entity-Specific Accounting |
Independently researched from ICAI's publicly released CA Foundation syllabus — verify current module weighting against ICAI's own study material before relying on it for study planning.
The real Paper 1 mixes case-scenario MCQ clusters with standalone objective and descriptive-style questions across all eleven modules in one 3-hour sitting, rather than testing each module separately with its own timer. This portal instead lets you drill one module at a time: pick a module below and take a focused, timed testlet, paced at roughly the real exam's overall minutes-per-question. It won't feel like sitting the full 100-mark paper, but it's built for honest, untimed-then-timed review of each module — and every question here is written in the real case-scenario format ICAI uses: a shared scenario followed by several linked questions.
ICAI scores Paper 1 out of 100 marks, with a 40% per-paper pass requirement and a 50% aggregate requirement across all four CA Foundation papers — not a percentage-correct MCQ score in the way this bank's case-scenario clusters are graded. This portal cannot recreate ICAI's actual marking scheme (which includes descriptive-answer questions this bank doesn't attempt), so testlet results here report plain accuracy (percent correct) on a fixed testlet, benchmarked against the 40% line, with a study-signal label.