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Common Proficiency Test is an entry level test for the Chartered Accountancy course. It is a test of four subjects – Fundamentals of Accounting, Mercantile Laws, General Economics and Quantitative Aptitude. This test is an objective multiple choice type examination, with negative marking, carrying a total of 200 marks, which is divided into two sessions of two hours each with a 90 minute break in between.


Subjects to be studied:


SESSION – I (Two Sections- Two hours – 100 Marks) SESSION – II (Two Sections- Two hours – 100 Marks)
Section A: Fundamentals of Accounting ( 60 Marks ) Section C: General Economics ( 50 Marks )
Section B: Mercantile Laws ( 40 Marks ) Section D: Quantitative Aptitude ( 50 Marks )


Eligibility for Registration:

A student who has passed the Standard X examination conducted by an examining body constituted by law in India (or an examination recognized by the Central Government as equivalent thereto) may register for the Common Proficiency Test.


Eligibility for Appearing in CPT Exam:

A registered student may appear for the Common Proficiency Test after having appeared for the Senior Secondary i.e. 10+2 examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto, and has complied with such requirements as may be specified by the Council from time to time.


Examination Pattern:


  • There will total 200 MCQ’s carrying one mark each.
  • For Correct answer students will get one mark.
  • For Blank answers Zero marks will be awarded
  • For Incorrect answers -0.25 marks will be deducted.


Passing Requirement:

The minimum marks required in each section and in the aggregate in all sections of CPT as per the revised passing requirements will be as under:-


Section Subject Maximum
Minimum Marks
(Mandatorily to be secured after negative marking)
A Fundamentals of Accounting 60 18
B Mercantile Laws 40 12
C General Economics 50 15
D Quantitative Aptitude 50 15
Total 200 100*


*A candidate is required to secure a minimum of 30 per cent marks in each Section and a minimum of 50 per cent marks in aggregate in all the four Sections to pass the Common Proficiency Test.


CPT Examination Schedule:

Paper pencil mode, i.e. Physical CPT will be held twice a year: in June and in December. ICAI also conducts the CPT examination online. For more details about online CPT examination please visit


Last Dates of Registration:

A student who has got himself registered for the Common Proficiency Test 60 days prior to the first day of the month in which the CPT examination is to be held can appear for the examination i.e. on or before 1st April and 1st October for appearing in the CPT examination to be held in June and December respectively. The last date for registration to attempt the examination in June is the 31st of March of the same year, and for December, it is the 30th of September of the same year.


How to Register for CPT with ICAI?

Student needs to take the prospectus containing application form from the ICAI office and submit the form along with following documents. The address of ICAI offices is available on Student may register online on ICAI website.


ICAI Online Application Form for Registration to CPT

Documents required for Registration:


  • Demand draft of Rs. 6,000
  • True copy of Class 10 Marks sheet
  • True copy of Birth date proof


ICAI Registration & Exam Fees:

For Registration with ICAI – Rs. 6,000 and towards ICAI Exam Fees – Rs. 1,000, payable separately by way of Demand Draft in favour of “The Secretary, The Institute of Chartered Accountants of India”, payable at Mumbai / Chennai / Kolkata / Kanpur / New Delhi.


CPT Syllabus

(One paper -Four hours -200 Marks)
Level of Knowledge : Basic knowledge.


SESSION –I : Two Sections -two hours -100 marks
Section A: Fundamentals of Accounting ( 60 marks )

Objective :

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, Fundamental errors including rectifications thereof.

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


Section B : Mercantile Laws ( 40 marks )


Objective :

To test the general comprehension of elements of mercantile laws.



1. 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.
2. 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.
3. The India Partnership Act, 1932: General Nature of Partnership -Rights and duties of partners -Registration and dissolution of a firm.


SESSION –II : Two Sections -two hours -100 marks

Section C : General Economics ( 50 marks )

Objective :

To ensure basic understanding of economic systems, economic behaviour of individuals and organizations.


(I) Micro Economics

1. Introduction to Micro Economics

  • Definition, scope and nature of Economics
  • Methods of economic study
  • Central problems of an economy and Production possibilities curve.

2. Theory of Demand and Supply

  • Meaning and determinants of demand, Law of demand and Elasticity of demand -Price, income and cross elasticity
  • Theory of consumer�s behaviour -Marshallian approach and Indifference curve approach
  • Meaning and determinants of supply, Law of supply and Elasticity of supply.

3. Theory of Production and Cost

  • Meaning and Factors of production
  • Laws of Production -The Law of variable proportions and Laws of returns to scale
  • Concepts of Costs -Short-run and long-run costs, Average and marginal costs, Total, fixed and variable costs.

4. Price Determination in Different Markets

  • Various forms of markets -Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly
  • Price determination in these markets.

(II) Indian Economic Development
5. Indian Economy -A Profile

  • Nature of the Indian Economy
  • Role of different sectors -Agriculture, Industry and Services in the development of the Indian economy, their problems and growth
  • 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
  • Basic understanding of tax system of India -Direct and Indirect Taxation.

6. Select Aspects of Indian Economy

  • Population -Its size, rate of growth and its implication for growth
  • Poverty -Absolute and relative poverty and main programs for poverty alleviation
  • Unemployment -Types, causes and incidence of unemployment
  • Infrastructure -Energy, Transportation, Communication, Health and Education
  • Inflation
  • Budget and Fiscal deficits
  • Balance of payments
  • External debts

7. Economic Reforms in India

  • Features of economic reforms since 1991
  • Liberalisation, Privatisation and Disinvestment
  • Globalisation

8. Money and Banking

  • Money -Meaning and functions
  • Commercial Banks -Role and functions
  • Reserve Bank of India -Role and functions, Monetary policy

Section D: Quantitative Aptitude ( 50 marks )
Objective :

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, Ogive.

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

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