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Weekly Current Affairs Quiz 2025: Here we bring to you the list of the top 10 current affairs questions with their answers which cover crucial topics related to Chartered Accountant from various entries to accountancy equations.

These Current Affairs quizzes will help all aspiring CA’s to enhance their general knowledge regarding the core concepts of Chartered Accountancy. In this detailed article we cover top 10 quizzes on CA. Check Here

Question 1.Accounting Standards for Non-Corporate Entities in India are issued by which authority.

A.Central Government

B. State Government 

C.Institiute of Chartered Accountancy of India. 

Answer: C.Institiute of Chartered Accountancy of India. 

Question 2. It is essential to standardize the accounting policies to ensure what?

A.Transparency

B. Consistency 

C. Both of them 

Answer: C. Both of them 

Question 3.Which is the following not a subfield of accounting?

A.Management accounting

B.Cost Breaking

C.Book-Keeping

Answer: C.Book-Keeping

Question 4.Book-keeping is mainly concerned with which of the below mentioned entries.

A.Recording of financial data

B. Designing the systems in recording, classifying and summarizing data.

C. Interpreting data for external and internal data.

Answer: A.Recording of financial data

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Question 5. All of the following functions of Accounting expect which function.

A.Decision making

B.Ledger Posting

C.Forecasting

Answer: B.Ledger Posting

Question 6.Which financial statement represents the accounting equation: Assets=Liabilities+Owner’s equity

A.Income Statement

B. Statement of Cash flows 

C. Balance Sheet  

Answer: C. Balance Sheet  

Question 7.Which account is the odd one out?

A.Office furniture and equipment

B.Freehold land and buildings 

C.Inventory of materials 

Answer: C.Inventory of materials 

Question 8. In the financial statement, contingent liability is.

A.Recognised

B. Not recognised

C.Adjusted

Answer: B. Not recognised

Question 9. After the preparation of ledgers, the next step is the preparation of.

A.Trading account

B.Trial Balance

C.Profit and Loss account

Answer: B.Trial Balance

Question 10.When the balance as per cash book is the starting point, direct deposits by customers are:

A.Added

B.Subtracted

C.Not required to be adjusted

Answer: A.Added

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