# CPT Syllabus

**Section – A Fundamentals of Accounting:**

**(I) Theoretical Framework**

- Meaning and Scope of accounting
- Accounting Concepts, Principles and Conventions
- Accounting Standards – concepts, objectives, benefits
- Accounting Policies
- Accounting as a measurement discipline – valuation principles, accounting estimates

**(II) Accounting Process**

Books of Accounts leading to the preparation of Trial Balance, Capital and revenue expenditures,Capital and revenue receipts, Contingent assets and contingent liabilities, Fundamental errors including rectifications thereof.

**(III) Bank Reconciliation Statement**

(IV) Inventories

Basis of inventory valuation and record keeping.

**(V) Depreciation accounting
**Methods, computation and accounting treatment of depreciation, Change in depreciation

methods.

**(VI) Preparation of Final Accounts for Sole Proprietors
**

**(VII) Accounting for Special Transactions
**

- (a) Consignments

- (b) Joint Ventures

- (c) Bills of exchange and promissory notes

- (d) Sale of goods on approval or return basis.

**(VIII) Partnership Accounts**

Final accounts of partnership firms – Basic concepts of admission, retirement and death of a partner including treatment of goodwill.

**(IX) Introduction to Company Accounts**

Issue of shares and debentures, forfeiture of shares, re-issue of forfeited shares, redemption of preference shares.

**Section B: Mercantile Laws ( 40 Marks )**

** **

**Objective:
To test the general comprehension of elements of mercantile law
Contents**

- 1. The Indian Contract Act , 1872: An overview of Sections 1 to 75 covering the general nature of contract , consideration , other essential elements of a valid contract , performance of contract and breach of contract.

- 2. The Sale of Goods Act, 1930: Formation of the contract of sale – Conditions and Warranties –Transfer of ownership and delivery of goods – Unpaid seller and his rights.

- 3. The India Partnership Act, 1932: General Nature of Partnership – Rights and duties of partners – Registration and dissolution of a firm.

**SESSION – II (Two Sections– Two hours – 100 Marks)
Section C: General Economics ( 50 Marks )**

**Objective:
To ensure basic understanding of economic systems, economic behaviour of individuals and
organizations.**

** **

**Contents**

**(I) Micro Economics**

**1. Introduction to Micro Economics**

- (a) Definition, scope and nature of Economics

- (b) Methods of economic study

- (c) Central problems of an economy and Production possibilities curve.

**2. Theory of Demand and Supply**

- (a) Meaning and determinants of demand, Law of demand and Elasticity of demand ? Price, income and cross elasticity

- (b) Theory of consumer ’s behaviour – Marshallian approach and Indifference curve approach

- (c) Meaning and determinants of supply, Law of supply and Elasticity of supply.

**3. Theory of Production and Cost**

- (a) Meaning and Factors of production

- (b) Laws of Production – The Law of variable proportions and Laws of returns to scale

- (c) Concepts of Costs ? Short-run and long-run costs, Average and marginal costs, Total, fixed and variable costs.

**4. Price Determination in Different Markets**

- (a) Various forms of markets – Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly

- (b) Price determination in these markets.

- (II) Indian Economic Development

**5. Indian Economy – A Profile**

- (a) Nature of the Indian Economy

- (b) Role of different sectors – Agriculture, Industry and Services in the development of the Indian economy, their problems and growth

- (c) National Income of India – Concepts of national income, Different methods of measuring national income, Growth of national income and per capita income in various plans.

- (d) Basic understanding of tax system of India – Direct and Indirect Taxation

**6. Select Aspects of Indian Economy**

- (a) Population – Its size, rate of growth and its implication for growth

- (b) Poverty – Absolute and relative poverty and main programs for poverty alleviation

- (c) Unemployment – Types, causes and incidence of unemployment

- (d) Infrastructure ? Energy, Transportation, Communication, Health and Education

- (e) Inflation

- (f) Budget and Fiscal deficits

- (g) Balance of payments

- (h) External debts.

**7. Economic Reforms in India**

- (a) Features of economic reforms since 1991

- (b) Liberalisation, Privatisation and Disinvestment

- (c) Globalisation.

8. Money and Banking

- (a) Money – Meaning and functions

- (b) Commercial Banks – Role and functions

- (c) Reserve Bank of India – Role and functions, Monetary policy.

**Section D: Quantitative Aptitude ( 50 Marks )**

**Objective:
To test the grasp of elementary concepts in Mathematics and Statistics and application of the same as useful quantitative tools.**

**Contents**

**1. Ratio and proportion, Indices, Logarithms
**

**2. Equations**

Linear – simultaneous linear equations up to three variables, quadratic and cubic equations in one

variable, equations of a straight line, intersection of straight lines, graphical solution to linear equations.

**3. Inequalities**

Graphs of inequalities in two variables ? common region.

**4. Simple and Compound Interest including annuity ? Applications
**

**5. Basic concepts of Permutations and Combinations
**

**6. Sequence and Series – Arithmetic and geometric progressions
**

**7. Sets, Functions and Relations
**

**8. Limits and Continuity ? Intuitive Approach**

**9. Basic concepts of Differential and Integral Calculus (excluding trigonometric functions)
**

**10. Statistical description of data**

- (a) Textual, Tabular & Diagrammatic representation of data.

- (b) Frequency Distribution.

- (c) Graphical representation of frequency distribution – Histogram, Frequency Polygon, Ogive

**11. Measures of Central Tendency and Dispersion**

Arithmetic Mean, Median – Partition Values, Mode, Geometric Mean and Harmonic, Mean, Standard deviation, Quartile deviation

**12. Correlation and Regression
**

**13. Probability and Expected Value by Mathematical Expectation
**

**14. Theoretical Distributions**

Binomial, Poisson and Normal.

**15. Sampling Theory**

Basic Principles of sampling theory , Comparison between sample survey and complete enumeration , Errors in sample survey , Some important terms associated with sampling , Types of sampling, Theory of estimation , Determination of sample size .

**16. Index Numbers**