CA Foundation - Accounting & Financial Reporting previous year questions (PYQ)

Interest coverage ratio and net debt-to-EBITDA within prudential regulatory thresholds (Accounting Process: Journal, Ledger, Trial Balance and Rectification of Errors)

Gross uncollateralized receivables divided by overdue accounts payable

Speculative inventory holding periods ignoring market depreciation

Nominal face value of authorized share capital without considering equity

Strict accrual-based recognition ensuring revenue matches incurred expenses for the accounting period (Bank Reconciliation Statement (BRS): Timing Differences and Overdrafts)

Cash-basis omission of unbilled accrued liabilities without footnote disclosure

Arbitrary capitalization of regular operational expenses without future economic benefit

Off-balance sheet concealment of material contingent liabilities