PDF · Test series
CA Inter Advanced Accounting Test: AS 1, AS 3 and AS 17 Questions
- Shared by
- Kavyansh
- Course
- CA Inter
- Subject
- Advanced Accounting
- Added
- 1 Nov 2026
Part of: CA InterAdv Accounting
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This is a chapter test paper for CA Inter Advanced Accounting covering AS 1, AS 3 and AS 17. It has three questions: a cash flow from operating activities calculation under AS 3 with working capital adjustments, a true or false question on fundamental accounting assumptions, accounting policies and changes in accounting policy under AS 1, and a segment identification exercise under AS 17. It suits students practising test-style questions and checking their revision against the standards.
What the paper covers
The first question asks for cash flows from operating activities using profit items such as depreciation, loss on sale of machinery and profit on sale of investment, along with changes in trade receivables, trade payables, prepaid and outstanding expenses. The second question tests the disclosure rules for fundamental accounting assumptions, significant accounting policies and changes in accounting policy. The third question asks you to apply the AS 17 thresholds on revenue, profit or loss and assets to decide which of six segments are reportable.
How to use it for revision
The paper gives a reading time of 15 minutes and a solving time of 40 minutes for 20 marks, so attempt it under timed conditions. Work the cash flow question by first adjusting profit for non-cash and investing items, then applying working capital movements. For the segment question, compute the 10 percent tests on revenue, result and assets separately before concluding. Compare your answers with the working to find where your method goes wrong.
Who should read it
This test is useful for CA Inter students preparing for the Advanced Accounting paper who want practice in AS 1, AS 3 and AS 17 together. It is also helpful for students who find the cash flow statement and segment reporting questions difficult and want focused, exam-style problems.
Key topics in these notes
- Cash flow from operating activities
- Adjustment of non-cash items
- Working capital changes in cash flow
- AS 1 fundamental accounting assumptions
- AS 1 accounting policies and changes
- AS 17 segment reporting thresholds
- Reportable segments identification
- ca inter
- advanced accounting
- cash flow statement
- as 17 segments
- as 1 accounting policies
- test series
- ca inter test paper
Related notes
Frequently asked questions
What standards does this CA Inter test cover?
The test covers AS 1 on disclosure of accounting policies, AS 3 on cash flow statements and AS 17 on segment reporting.
How many marks is this test and how long should I take?
The test is for 20 marks, with 15 minutes reading time and 40 minutes solving time.
What topics are in the cash flow question?
It covers operating cash flow from retained earnings, depreciation, losses and profits on sales, tax provisions, dividends and changes in receivables, payables and expenses.
How is the reportable segment question solved?
You apply the AS 17 criteria on revenue, profit or loss and assets for each segment to determine which segments are reportable.
How can I get the full PDF?
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