CA Foundation Jan 2027 Accounts mock test paper: Q-by-Q map
A CA Foundation Jan 2027 Accounts mock test paper is only useful if it is built like ICAI's Paper 1, and ICAI's last three papers (January, May and September 2026) were built almost the same way, slot by slot. Partnership took 20 marks and company accounts 25 marks in Questions 2 to 6 of every one of them. Final accounts of a sole proprietor was always Question 4(b), a depreciation ledger and a rectification always shared Question 2, and the theory was always 9 marks. Below is that question-by-question map, how long each question really is, a rule for choosing your four, and a 3-hour plan.
Paper 1 is 100 marks, written by hand in 3 hours, with 15 minutes of reading time before it. You answer Question 1 and any four of Questions 2 to 6, each worth 20 marks. ICAI's January 2027 schedule (PDF) (opens in a new tab) puts the four Foundation papers on 3, 5, 7 and 9 January; the marking rules for all of them are in CA Foundation exam pattern and marking.
CA Foundation Accounts question paper: the slot map for Jan 2027
Read this table across: each row is one question slot, and each column is one of ICAI's 2026 papers. Marks are in brackets.
| Slot | January 2026 | May 2026 | September 2026 |
|---|---|---|---|
| 1(a) | (12) Six True/False with reasons | (12) Six True/False with reasons | (12) Six True/False with reasons |
| 1(b) | (4) Accounting Standards | (4) Accounting policies | (4) Fundamental accounting assumptions |
| 1(c) | (4) Journal with GST | (4) Returns Outward Book | (4) Journal entries for sales with GST |
| 2(a) | (12) Rectification after closing | (10) Machinery, WDV, three ledgers | (10) Machinery, SLM, grant, revaluation, fire |
| 2(b) | (8) Plant and machinery, WDV | (10) Rectification with Suspense | (10) Rectification with Suspense |
| 3(a) | (10) Club: Receipts and Payments from I&E | (10) LLP admission | (10) Incomplete records |
| 3(b) | (10) Admission of a partner | (10) Incomplete records | (10) Change in profit-sharing ratio |
| 4(a) | (10) LLP retirement | (10) Death of a partner | (10) Dissolution |
| 4(b) | (10) Final accounts | (10) Final accounts | (10) Final accounts |
| 5(a) | (5) BRS or accommodation bills | (5) Inventory or adjusted Cash Book and BRS | (5) BRS or inventory count |
| 5(b) | (5) Total purchases and sales | (5) Health care society I&E from R&P | (5) Club subscriptions |
| 5(c) | (10) Forfeiture, reissue, Notes | (10) Rights, bonus, debentures with DRR | (10) Calls in advance and arrears, forfeiture |
| 6(a) | (15) Redemption of preference shares | (15) Pro-rata allotment, forfeiture, reissue | (15) Redemption of preference shares |
| 6(b) | (5) Principal books, posting | (5) Trial balance limits | (5) Advantages of double entry |
ICAI's papers: January 2026 (PDF) (opens in a new tab), May 2026 (PDF) (opens in a new tab) and September 2026 (PDF) (opens in a new tab). Slot labels are ours.
What is fixed and what rotates
- Fixed every time: Question 1's three parts; depreciation plus rectification in Question 2; a partnership event in Question 4(a); final accounts in Question 4(b); a company question in 5(c) and the 15-mark one in 6(a); the double entry theory in 6(b).
- Fixed as a pair: not-for-profit organisations and incomplete records both came every time, one as a 10-marker and one as a 5-marker. In January the club was the big one; in May and September incomplete records was.
- Rotating: which partnership event (admission, retirement, death, change in ratio, dissolution) and whether the partnership is a firm or an LLP. A BRS was one of the two options in Question 5(a) all three times.
- A rights issue appeared in all three papers, inside a bigger company question.
CA Foundation Accounts chapter wise marks you can count on
From that map, here is what each chapter was guaranteed, out of the 120 marks printed:
| Chapter | Marks every time | Where |
|---|---|---|
| Company accounts | 25 | 5(c) + 6(a), plus True/False |
| Partnership and LLP | 20 | one 10-marker in Q3, one in 4(a) |
| Accounting process | 19 to 21 | 1(c), rectification, 6(b) |
| Final accounts of a sole proprietor | 10 | 4(b) |
| Depreciation | 8 to 10 | Question 2 |
| NPO and incomplete records together | 15 | Q3 and 5(b) |
| Theoretical framework | 4, plus True/False | 1(b) |
Chapter totals paper by paper, True/False included, are in the CA Foundation Jan 2027 chapter wise weightage. If your revision time is short, company accounts and partnership alone are 45 of the 120 printed marks before True/False (49 with it).
How long each question runs
The marks are fixed, but the length is not. These are the sizes of ICAI's longest questions in 2026:
| Question | January 2026 | May 2026 | September 2026 |
|---|---|---|---|
| Final accounts, 4(b) | 27-line trial balance, 5 adjustments | 30-line trial balance, 6 adjustments | 21 balances in 15 paired rows, 8 adjustments |
| Rectification | 8 errors, after closing | 10 errors, Suspense | 8 errors, Suspense |
| Partnership, largest | 9 balance sheet items, 7 adjustments | 12 items, 11 facts | 12 items, 6 adjustments |
| Pages of questions | 15 | 18 | 14 |
Adjustments in final accounts went up each time (5, 6, 8), with items like goods sent on approval recorded as a sale, goods in transit, a fire claim paid after the year end and a manager's commission after charging it. And the requirement line changes the work: in September the change in profit-sharing ratio asked for one adjusting journal entry, a Memorandum Revaluation Account and a P&L Appropriation Account, not a full set of capital accounts.
The True/False part: 12 marks for reasons
ICAI set 18 statements across the three papers; by its own suggested answers and our reading of the September paper, only 4 were true. Every paper had at least one statement from the theoretical framework, one from the accounting process and one from company accounts.
The mark is in the reason, not in the word True or False. A reason that quotes the rule earns it. A sample in our own words:
Statement: Interest on calls in advance is an appropriation of profit. Answer: False. Interest on calls in advance is payable by the company to the shareholder and is an expense for the company, not an appropriation of profit. Table F caps it at 12% a year.
Practise each as two lines: verdict, then rule. All 18 statements, with ICAI's answers and reasons, are in CA Foundation accounts important questions.
Which four questions to pick from 2 to 6
The map gives a rule. Question 6 is the shortest to read and carries one 15-mark company question with no choice inside it, so it suits you if company accounts is your strongest chapter. Question 4 is the heaviest to write: two 10-mark ledgers, and in May 2026 it ran over four pages. Question 5 mixes three chapters and holds the paper's only OR.
A simple rule: in the 15-minute reading time, mark the one question that has your weakest chapter in its biggest part, and drop that one. Don't drop Question 2 only because it looks short: depreciation and rectification come with near-certain step marks when the format is right.
A worked example: forfeiture and reissue of shares
Forfeiture sat in Question 5(c) in January and September 2026, and reissue in January's 5(c) and May's 6(a). This is that working, on a small scale. The figures are ours.
Facts: Shares of ₹10 each were issued at a premium of ₹2. Application ₹3, allotment ₹5 (including the premium) and the first and final call ₹4. Mr. K, holding 200 shares, paid application and allotment but not the call. His shares were forfeited and later reissued at ₹8 each, fully paid.
- On forfeiture: Share Capital Dr 2,000 (200 × ₹10); First and Final Call Cr 800 (200 × ₹4); Share Forfeiture Cr 1,200. The ₹1,200 is what Mr. K paid towards capital: ₹3 + ₹3, because the ₹2 premium he paid stays in Securities Premium.
- On reissue: Bank Dr 1,600 (200 × ₹8); Share Forfeiture Dr 400; Share Capital Cr 2,000.
- Capital reserve: the forfeiture balance left, ₹1,200 − ₹400 = ₹800, goes to Capital Reserve.
Where students lose marks: putting the premium into the forfeiture amount, or leaving the ₹800 in Share Forfeiture. Write the capital reserve as a numbered working note; ICAI's January 2026 answer worked it shareholder by shareholder.
How to use the 3 hours in the Accounts paper
At 100 marks in 180 minutes, a mark is worth about 1.8 minutes. Plan by parts, not by whole questions:
| Part | Marks | Minutes |
|---|---|---|
| Reading time | – | 15 (choose your four, mark the requirement lines) |
| 1(a) True/False | 12 | 18 |
| 1(b) and 1(c) | 8 | 14 |
| Each 10-mark ledger or statement | 10 | 17 |
| Each 5-mark part | 5 | 9 |
| The 15-mark company question | 15 | 27 |
| Last check | – | about 10: totals carried, working notes numbered |
Start with Question 1: its 20 marks come in small, safe pieces. Then take your four in order of confidence.
What applies to CA Foundation Accounts for Jan 2027
- Which book: ICAI's study material notice for January 2027 (PDF) (opens in a new tab) names the Accounting edition of August 2024 (Reprint August 2025 and later) and adds the January 2027 RTP, which was still missing from BoS on 9 October 2026.
- Corrigendum: ICAI's corrigendum of 25 August 2026 (PDF) (opens in a new tab) corrects some solutions and question figures in the printed copy; read it once against your book.
- Questions apply the Accounting Standards (AS); Ind AS appear only as an overview in Chapter 1 Unit 7.
Free ICAI practice papers sit on our CA Foundation MTPs and CA Foundation past year question papers pages, and the RTPs and ICAI study material are together on CA Foundation free resources; ICAI's dates for the January 2027 MTPs are tracked in CA Inter and Foundation MTP schedule for Jan 2027.
How our CA Foundation Jan 2027 Accounts mock test papers follow this map
Our CA Foundation Accounting mock tests are three full papers on the slot map above, brand-new for January 2027; 15+ qualified CA faculty set the papers. Each has Question 1's three parts, depreciation and rectification in Question 2, final accounts in 4(b), two company questions and the one OR in 5(a). Across the three, every chapter comes up, with more weight on what ICAI asks most.
Write it by hand, scan the sheets and upload them as a single PDF. Each line of the sheet is checked on 50+ parameters. Within 24 hours you see marks given step by step, ICAI-style, a reason beside every mark cut with the line you should have written, and suggested answers that show every working note. Preview pages of the first Accounts mock are open on the plan page, and the dates to write all three are in our CA Foundation Jan 2027 mock test plan.
Frequently asked questions
Is there any choice in the CA Foundation Accounts paper?
Yes, two kinds. You answer any four of Questions 2 to 6, and inside Question 5(a) you pick one of two 5-mark parts. Question 1 is compulsory.
How many marks is theory in CA Foundation Accounts?
Nine in each 2026 paper: 4 in Question 1(b) and 5 in Question 6(b). The 12 True/False marks are also mostly concepts, so about 21 marks need words rather than ledgers.
Which question is always asked in CA Foundation Accounts?
Final accounts of a sole proprietor, from a trial balance with adjustments, as Question 4(b) for 10 marks, in all three 2026 papers. Rectification and a depreciation ledger in Question 2 also came every time.
Are ICAI's MTPs enough practice for Accounts?
Write them first; they are the best free practice. Then write one more full paper under time with a checked copy, because the mistakes that cost marks (missing working notes, wrong ratio, half a requirement answered) only show up when a copy is marked against the steps. How those steps earn marks is in step marking in CA exams.
Your next step
Take ICAI's September 2026 Paper 1, write it in 3 hours and tick each slot against the map above. Then switch to full CA mock tests in late November. All four Foundation papers are in our CA Foundation test series, and the other levels are on the CA test series home page. The same kind of guide exists for the CA Foundation Maths mock test, the Economics mock test and the Law mock test.