This book caters specifically to the requirements of the Foundation Level Cost & Management Accountancy Examination, offering a thorough collection of past exam questions with detailed answers, all aligned with the latest ICMAI syllabus.

The Present Publication is the 3^rd Edition for the CMA Foundation | Dec. 2025/June 2026 Exams. This book is authored by CA. Leena Lalit Parakh, with the following noteworthy features:

• [Aligned with the Latest ICMAI Syllabus] Complete adherence to the current curriculum
• [Comprehensive Content]
  • Fully Solved Past Examination Questions till June 2025
  • Tabular summaries at the start of each chapter
  • 850+ MCQs
  • Practice questions at the end of every chapter for in-depth preparation.
  • Descriptive past exam questions transformed into MCQs, reflecting the latest exam pattern
• [Detailed & Structured Answers] Designed to enhance conceptual clarity and support exam-focused study
• [Point-wise Presentation] Facilitates quick recall and efficient revision
• [Marks Distribution Analysis] Provides module-wise marks analysis from June 2023 onwards
• [Comparison with ICMAI’s Study Material] is provided module-wise

The contents of this book are as follows:

• Fundamentals of Business Laws
  • Introduction
    • Sources of Law
    • Legislative Process in India
    • Legal Methods and Court System in India
    • Primary and Subordinate Legislation
  • Indian Contract Act, 1872
    • Essential Elements of Contact, Types of Contract & Offer and Acceptance
    • Void and Voidable Agreements
    • Consideration, No Consideration, No Contract and Legality of Object
    • Capacity of Parties and Free Consent
    • Quasi Contract and Contingent Contract
    • Performance of Contract
    • Meaning of Indemnity, Pledge, Guarantee and Agency
    • E-Contracts and E-Signatures – Meaning and Requirements
    • Discharge of Contracts
    • Breach of Contracts and Remedies for Breach of Contracts
  • Sale of Goods Act, 1930
    • Definition
    • Transfer of Ownership
    • Essential Conditions of a Contract
    • Conditions and Warranties
    • Performance of Contract of Sale
    • Rights of Unpaid Seller
  • Negotiable Instruments Act, 1881
    • Characteristics of Negotiable Instruments
    • Definitions of Promissory Note, Cheque and Bill of Exchange
    • Difference Between Promissory Note, Bill of Exchange and Cheque
    • Crossing – Meaning, Definition and Types of Crossing
    • Dishonour of Cheques (Section 138)
• Business Communication
  • Business Communication
    • Introduction to Business Communication
    • Features of Effective Business Communication
    • Process of Communication
    • Types of Business Communication
    • Internet-Based Business Communication
    • Do’s and Don’ts of Communication Through Social Media
    • Writing and Drafting for Business Audiences
    • Intercultural and International Business Communication
    • Barriers of Communication
    • Legal Aspects of Business Communication
    • Use of Graphics and References for Business Communication