Mentors Academy provides the Best CA CPT coaching in Chandigarh

Mentors Academy is judged as the best CA CPT coaching institute in Chandigarh from Past 2 years, primarily because it does not compromise with its quality and standard of teaching. It is not easy being the best, but the Mentors Academy team is always up for a challenge of the highest magnitude. The Mentors Academy, a major division of Career Shapers, has been focusing for the past 2 years to nurture a standard quality education to the aspirant who want to make a mark in the academic and who want to be ones to carry on with the lantern of enlighten for the future generations.

Major points which makes Mentors Academy the best, for providing Best CA CPT Coaching in Chandigarh
I.	3 to 4 months  Coaching Classes Provided By Mentors Academy
II.	3 To 4 Hours Daily Regular Classes & Speed Tests of 50 Questions taken By Mentors Academy
III.	Best Study Material And Specific & Specialized Test Series designed by experts on The Latest Pattern.
IV.	Intensive Practice Sessions By Experts On Mock Tests Of CA=CPT  Exam Pattern.
VI.	Highly Dedicated, Experienced & Permanent Team of Teachers For Each Subject.
VII.	21 Booklet Sets With Over 46000 Questions Provided to every student.
VIII.	Life Time Validity Card System (Student can Take FREE Coaching Till They Clear their Exam).
XI.	Classes Seven Days A Week (Sunday Also, No Holiday) only in Mentors Academy.
X.	Hostel / PG Facilities For Students From Outside (Other State) Provided By Mentors Academy.
XI.	Regular, Weekend & Late Evening Batches are also Available According to the requirement of Student.
XII.	Online & Offline Mock Test For Registered Students So that they can do Test Series.

Common Proficiency Test

What is CA CPT?

Common Proficiency Test (CPT) is a centralized eligibility test to do CA course, which is conducted by Institute of Chartered Accountants of India (ICAI). The test is taken after 10+2 for admission into Chartered Accountancy course.

The FOUR hour CPT test consists of objective questions That are mentioned Below

1. FUNDAMENTALS OF ACCOUNTS
2. MARCANTILE LAW
3. GENERAL ECONOMICS
4. QUANTITATIVE APTITUDE.

The CPT test is divided in to TWO sessions; each session contains 100 objective questions.

• Session-I contains 100 objective questions; 60 from FUNDAMENTALS OF ACCOUNTS and 40 from MARCANTILE LAW. Each correct answer carries 1 mark, for every wrong answer¼ mark will be deducted.
• Session-II contains 100 objective questions; 50 from GENERAL ECONOMICS and 50 from QUANTITATIVE APTITUDE. Each correct answer carries 1 mark, for every wrong answer ¼ mark will be deducted.

 Note*:  Examination Will Be Conducted twice in a year JUNE & DECEMBER every year.

• Last date for CPT Registration is – APRIL 4th for JUNE attempt and OCTOBER 4th for DECEMBER attempt.
• Results will be announced in the last week of JULY for JUNE attempt in the last week of January for December attempt.

CPT Eligibility:

Students can register for the Common Proficiency Course (CPC) after passing 10th examination and can appear in the CPT either on appearing or passing 10+2 examination. validity for CPT registration is 3 years, thereafter revalidation is made after every 3 years.

CA CPT EXAM Notification:

CPT is held twice in a year in June and
December month. Notification for CPT June exam publishes in February and for CPT December exam notification publishes in August.

CA CPT Exam Pattern:

• Total Marks: 200.
• Paper Type: Objective – Multiple choice questions
• Language of paper: English / Hindi
• Marking: There will be negative marking for incorrect answer. 25% marks will be deduced for incorrect answer.

Session-1	A.	Fundamentals Of Accounting	60marks
	B.	Mercantile Laws	40marks
Session-2	C.	General Economics	50marks
	D.	Quantitative Aptitude	50marks
		Total marks	200marks

 Note: There will be negative marking for correct answer. 25% marks will be deducted for incorrect answer.

CA CPT Passing Criteria:

To pass/qualify CA CPT Exam a candidate must obtain minimum 30% in each subject and 50% overall. Candidates who ranked among top 10 will get scholarship.

Syllabus for CPT (Session I)

CPT Session I:

CPT Session I is divided into two sections, first is Fundamentals of Accounting and second is Mercantile Laws. These two sections together carries 100 marks and maximum two hours (120 min) allowed to solve these papers.

• Fundamentals of Accounting Syllabus:

This section carries total 60 marks and objective of this section is to develop conceptual understanding of the fundamentals of financial accounting system.

1. 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

2. Accounting Process:

Books of Account leading to the preparation of Trial Balance,

Capital and revenue expenditures,

Capital and revenue receipts,

Contingent assets and contingent liabilities,

3. Bank Reconciliation Statement
4. Inventories:Basis of inventory valuation and record keeping.
5. Depreciation Accounting:Methods, computation and accounting treatment of depreciation, Change in depreciation methods.
6. Preparation of Final Accounts for Sole Proprietors
7. Accounting for Special Transactions:

• Consignments
• Joint Ventures
• Bills of exchange and promissory notes
• Sale of goods on approval or return basis

8. Partnership Accounts: Final accounts of partnership firms – Basic concepts of admission, retirement and death of a partner including treatment of goodwill.
9. Introduction to Company Accounts: Issue of shares and debentures, forfeiture of shares, re-issue of forfeited shares, redemption of preference shares.

Mercantile Laws Syllabus:

This section carries total 40 marks and objective of this section is to test the general comprehension of elements of mercantile laws.

• 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.
• 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.
• The Indian Partnership Act, 1932: General Nature of Partnership – Rights and duties of partners – Registration and dissolution of a firm.

Syllabus for CPT (Session 2)

CPT Section II:

General Economics Syllabus:This section carries total 50 marks and objective of this section is to ensure basic understanding of economic systems, economic behavior of individuals and organizations.

1 Micro Economics:

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.

• 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.

• 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.

• Price Determination in Different Markets.

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

(b) Price determination in these markets.

2. Indian Economic Development:

• 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.

• 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.

• Economic Reforms in India

(a) Features of economic reforms since 1991.

(b) Liberalisation, Privatisation and Disinvestment.

(c) Globalisation.

• Money and Banking

(a) Money – Meaning and functions.

(b) Commercial Banks – Role and functions.

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

Quantitative Aptitude Syllabus:

This section carries total 50 marks and objective of this section is to test the grasp of elementary concepts in Mathematics and Statistics and application of the same as useful quantitative tools.

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

• Textual, Tabular & Diagrammatic representation of data
• Frequency Distribution
• Graphical representation of frequency distribution – Histogram, Frequency Polygon.

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

Mentors Academy is India’s leading best CA CPT coaching institute in Chandigarh that is offering quality educational service in several fields of study and examinations. Therefore, in regard to prominent CA CPT entrance tests, our organization offer quality coaching for several subjects that fall therein.

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