CA Common Proficiency Test
Subjects: 4   |   Test Templates:  61   |   Intuitive Tests:  Unlimited   |   Test Attempted:  1282

The Common Proficiency Course (CPC) is one of the steps towards becoming a Chartered Accountant, as certified by the Institute of Chartered Accountants of India.   The CPC can be attempted by any person who has cleared the class 10th examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto.

After completion of specified period (60 days) from the date of registration for CPC with the Board of Studies and first day of the month in which the examination is to be held, viz., students registered on or before 1st April/1st October will be eligible to appear in June/December examination, as the case may be.

The test is conducted by ICAI, both in online, as well as offline mode.  The CPT includes Multiple Choice Questions (MCQs) with negative marking of 25%.   Students are tested on four subjects, namely, Accounting, Mercantile Law, General Economics and Quantitative Aptitude.   A detailed subjectwise syllabus is enclosed below.

Syllabus
Quantitative Aptitude 19 12
  • Correlation & Regression
  • Differentiation
  • Equations & Inequalities
  • Index Numbers
  • Integral Calculus
  • Limits & Continuity
  • Logarithms
  • Measures of Central Tendency and Dispersion
  • Permutation and Combination
  • Probability
  • Ratio and Proportion
  • Sampling Theory
  • Sequence and Series
  • Set Theory & Functions
  • Simple and Compound Interest including annuity
  • Statistical Description of Data
  • Theoretical Distributions
Fundamentals of Accounting 25 12
  • Accounting Standards
  • Accounting: Meaning, Scope, Principles & Conventions
  • Bank Reconciliation Statement
  • Bills of Exchange & Promissory Notes
  • Capital & Revenue Expenditure
  • Cash Book & Subsidiary Books
  • Depreciation Accounting
  • Inventories
  • Joint Venture Accounts
  • Partnership: Admission of New Partner
  • Partnership: Introduction Treatment of Goodwill
  • Partnership: Retirement and Death of a Partner
  • Trial Balances and Rectification of Error
Mercantile Law 26 12
  • Contingent & Quasi Contracts
  • Discharge & Breach of Contract
  • Essentials of a Valid Contract
  • Formation of Contract of Sale; Conditions & Warranties
  • Indian Contracts Act: Nature of Contracts
  • Indian Partnership Act: General Nature of Partnership
  • Performance of a Contract
  • Registration and Dissolution of a Firm
  • Relations of Partners
  • Transfer of Ownership & Delivery of Goods
  • Unpaid Seller
General Economics 27 12
  • Balance of Payment & External Debt
  • Budget & Fiscal Deficit in India
  • Commercial Banks
  • Demand Theory
  • Economic Reforms in India
  • Indian Economy - Nature
  • Indian Tax System
  • Inflation
  • Infrastructural Challenges
  • Liberalization, Privatization & Globalization
  • Microeconomics
  • Money & Credit
  • National Income
  • Population
  • Poverty
  • Price Determination in Different Markets
  • Reserve Bank of India
  • Role of Different Sectors in Indian Economy
  • Supply Theory
  • Theory of Consumer Behaviour
  • Theory of Cost
  • Theory of Production
  • Unemployment