Accounting | CRACKER for CA Foundation Paper 1 is a comprehensive guide that bridges the conceptual clarity gap and facilitates practical problem-solving. Tailored to align with the strict ICAI syllabus for the CA Foundation, this book compiles previous examination questions (including the Sept. 2025 exam), relevant RTPs (Revision Test Papers), MTPs (Mock Test Papers), and additional practice questions—making it a one-stop solution for exam preparation.

The Present Publication is the 15^th Edition for the Jan./May 2026 Exams. This book is authored by Dr S.K. Agrawal & CA. Manmeet Kaur, with the following noteworthy features:

• [Complete Past Exam Coverage] Includes questions asked in CA Foundation exams up to Sept. 2025, ensuring readers are well-versed with the latest trends in exam patterns
• [Additional Important Questions] Offers supplementary practice questions that reinforce critical concepts and address potential exam topics that might appear in upcoming papers
• [RTPs/MTPs] Incorporates questions from Revision Test Papers and Mock Test Papers released by ICAI, allowing students to get familiar with ICAI’s expected answering style
• [Uniquely Designed Marks Distribution Chart] Presents a chapter-wise weightage of past examinations, giving a clear picture of high-importance areas
• [Chapter-Wise Mapping] Each chapter is systematically correlated with the ICAI Study Material for streamlined study and revision
• [Comprehensive Question Coverage] Encompasses theoretical questions, illustrations, short notes, and True/False questions to cater to every requirement of the CA Foundation – Paper 1
• [Focused on Conceptual Clarity & Quick Revision] As a ‘CRACKER’-style resource, this book emphasises clarity and brevity, making it perfect for last-minute revisions without compromising on conceptual depth
• [Holistic Study Approach] Encourages thorough reading of ICAI modules in conjunction with this book, emphasising conceptual clarity, regular writing practice, and disciplined preparation

The coverage of the book is as follows:

• Conceptual Foundation
  • Explains the fundamentals of accounting—meaning, scope, principles, concepts, and conventions
• Standards & Policies
  • Dives into the nuances of Accounting Standards, Accounting Policies, and Valuation Principles
• Detailed Practical Topics
  • Includes comprehensive coverage of Journal, Ledger, Trial Balance, Subsidiary Books, Bank Reconciliation Statement, Rectification of Errors, Depreciation, Inventory Valuation, Final Accounts, Partnership Accounting, etc.
• Corporate Accounting Areas
  • Newly introduced chapters, such as Accounting from Incomplete Records, Shares, Debentures, Financial Statements of Companies, Accounting for Bonus Issue & Right Issue, Redemption of Preference Shares, and Redemption of Debentures, reflect the updated ICAI syllabus
• Exam-focused Compilation
  • Each chapter integrates past exam questions, relevant practice sets, and additional illustrations so students can thoroughly test their understanding

The structure of the book is as follows:

• Chapter-wise Presentation
  • Definition & Theory – Each chapter begins with fundamental concepts
  • Illustrations & Solved Examples – Step-by-step solutions to facilitate conceptual clarity
  • Practice Questions – A combination of theoretical, practical, and True/False questions for robust revision
• Chapter-wise Marks Distribution – A chart that lays out weightage from previous exams—helping prioritise chapters for study
• Past Exam Papers – Separate segment includes fully solved papers for reference and practice
• Additional Points & Notes – Relevant tips, exam-focused strategies, and conceptual pointers are highlighted throughout.