CS Foundation Exam FINANCIAL ACCOUNTING AND AUDITING

Accounting is defined as an art of Recording, Classifying summarizing transaction and events which are of financial in nature in terms of money and to provide results thereof. So in accounting we record in Journal, Classify in Legder and summerise in Trail Balance, Income Statement and Position Statement. Accounting is language of business and for a Company Secretary it is very important to understand this language. On the other hand Auditing is process to check the correctness and reliability of accounting information.

ICSI conducts exam of FINANCIAL ACCOUNTING AND AUDITING so that CS foundation students become proficient with accounting system and methods. CS Foundation exam of Financial Accounting and Auditing is conducted in MCQ pattern and CS foundation Students must score 40% in this computer based mcq test so that they can pass CS foundation. Keeping this in mind team of www.mcqtestonline.com has created website that helps students to practice mcq test for cs foundation chapter wise. www.mcqtestonline.com works as an online scanner where students can practice again and again for their CS foundation and CS Executive Exam in mcq pattern.

Accounting 

TheoreticalFramework

Accounting process

Journalizing ,Posting & Balancing

Cash Book

Subsidiary Books

Capital &Revenue Expenditure & Receipts

Bank Reconciliation Statement

Rectification of Error

Depreciation

Final account of Sole Proprietor

Fundamentals of Partnership

Goodwill

Change In ProfitSharing Ratio

Admission ofPartner

Retirement &Death of Partner

CompanyA/c. Issue of shares

Issue OfDebentures

Redemption OfPreference Shares

Auditing

Concept ofAuditing

Types of Audit

Tools ofAuditing

Audit Evidence

Auditor and Related Provisions

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Introduction to mcqtestonline.com

MCQTESTONLINE.COM is created with aim to assist students preparing for various professional and entrance exams based on mcq pattern. A student needs to register to start practicing on mcqtestonline.com. Once a student is registered he becomes a free user and practice 5 questions from each chapter and previous year question paper and see his result for the same.

Students who want practice all the question need to pay a very nominal fee. Student may choose to pay for all the subjects or pay for any one subject depending on the need and preference. Along with all the questions from the subject paid for student can also practice previous year question paper as well.

A complete record of all the mcq test, mock test, and previous year question papers is maintained on mcqtestonline.com in student’s profile.  This helps students to track their preparation and evaluate their performance.

When a student’s buys a scanner from the market and marks the answers while practicing he is unable to practice again the same question honestly as the answers are already being marked by him. However on mcqtestonline.com student can practice again and again and then compare the same with his previous test.

So mcqtestonline.com is the best way to practice and evaluate your preparation