INDEX — FAA Accountancy (CA Mohamad Lateef)
📚 FAA Accountancy — Master Index
Book: Accountancy for Finance Accounts Assistant — CA Mohamad Lateef · as per the latest JKSSB syllabus.
[!important] ⚠️ The book is in TWO parts — and the chapter numbers collide The original contents page lists "23. Multiple Choice Questions" and "24. Answer Key" — those belong to Part 1 only. Part 2 restarts its page numbers and has its own Chapters 23–28. So "Chapter 23" means Taxation, not the MCQ section. (This collision is what caused an earlier mis-reading of what the book covers.)
Part 1 Part 2 Chapters 1 – 22 (Introduction → PFMS) 23 – 28 (Taxation → Additional Content) Followed by its own MCQ bank + answer key its own MCQ bank + answer key
The title page says "300 MCQ'S" — that was Part 1 only. With Part 2 included the bank is 600 questions with full answer keys. See MCQs.
🗂️ Chapters — Part 1 (Ch 1–22)
🗂️ Chapters — Part 2 (Ch 23–28)
| # | Chapter | Full notes | ⚡ Short notes |
|---|---|---|---|
| 23 | Taxation — Direct & Indirect Tax ⭐⭐ | L-23-TAXATION, TAX LAWS – DIRECT & INDIRECT TAX | SN-23-Taxation |
| 24 | Cost Accounting ⭐ | L-24-COST ACCOUNTING | SN-24-Cost-Accounting |
| 25 | Cost Management — Budget & Budgetary Control | L-25-COST MANAGEMENT - BUDGETARY CONTROL | SN-25-Budgetary-Control |
| 26 | Indian Financial Management System (IFMS) | L-26-INDIAN FINANCIAL MANAGEMENT SYSTEM | SN-26-Indian-Financial-System |
| 27 | Developments in Accounting | L-27-Development in Accounting | SN-27-Developments-in-Accounting |
| 28 | Additional Content on Previous Topics | Additional Content for Earlier Topics (Chapter 1 to 22) | — |
🎯 Practice & analysis
| Resource | What it is |
|---|---|
| MCQs | 600 MCQs in 34 chapter sections, damaged questions repaired in place, both answer keys at the end |
| MCQs-Chapter-Map | Which MCQ range belongs to which chapter, plus a suggested drilling order |
| MCQs-Repaired | The 125 questions that were mangled in conversion, listed separately |
| 2022-Accountancy-Chapterwise | 2022 paper — accountancy Q81–110 mapped chapter-wise |
| 2024-Accountancy-Chapterwise | 2024 paper — accountancy Q31–60 mapped chapter-wise |
📊 What the exam actually asks — chapter weight
| Chapter | 2022 | 2024 | MCQs |
|---|---|---|---|
| Ch 5 Double Entry & Journal | 7 | 0 | 34 |
| Ch 2 Basic Terms | 5 | 1 | 28 |
| Ch 23 Taxation | 0 | 5 | 100 |
| Ch 15 BRS | 2 | 4 | 38 |
| Ch 16 Partnership | 2 | 3 | 38 |
| Ch 12–14 Final Accounts | 6 | 0 | 44 |
| Ch 24/25 Costing & Budgeting | 0 | 3 | 50 |
| Ch 3 Concepts | 1 | 2 | 47 |
| Ch 17 Single Entry | 2 | 1 | 19 |
| Ch 22 PFMS | 2 | 1 | 3 |
| Ch 1, 4, 6, 7, 10, 19, 26 | 1 each | 1–2 each | — |
[!tip] The pattern that matters 2022 was a fundamentals paper — Ch 2 + Ch 5 + Final Accounts = 18 of 30. 2024 swung to applied finance — Taxation 5 + BRS 4 + Costing 3 = 12 of 30, while Ch 5 and Final Accounts vanished entirely. Prepare for both shapes. Safest core: Ch 15 · 16 · 23 · 24 · 3 · 4 · 22 · 19 · 17 — keeping Ch 2 and Ch 5 solid in case it swings back.
⭐ Four questions repeated verbatim across both papers
Money Measurement (2022·Q105 ≡ 2024·Q36) · PFMS/CPSMS (Q86 ≡ Q42) · Bank pass book (Q93 ≡ Q49) · Statement of affairs (Q107 ≡ Q43).
✅ Former gaps — now covered by addenda
The book omitted current-ratio formula · financial leverage · Sec 80CCD limits · "Goods" u/s 2(52) (worth 4 marks in 2024). Sourced addenda have been appended to L-18-FINANCIAL MANAGEMENT, L-23-TAXATION, TAX LAWS – DIRECT & INDIRECT TAX and L-26-INDIAN FINANCIAL MANAGEMENT SYSTEM.
🔄 Current-law update
The Income-tax Act, 2025 replaced the 1961 Act on 1 April 2026 — "Tax Year" now replaces "Previous Year". Ch 23's original text predates this; see its addendum.
🚩 Known errors in the book
Answer-key errors (each verified against the source PDF):
| MCQ | Question | Book's key | Correct |
|---|---|---|---|
| Q3 | Characteristic shown when info is clearly presented | D (Reliability) | A — Understandability |
| Q367 | Obsolescence is caused by | D (None of the above) | C — Technological changes |
| Q519 | How many heads of income | B (7) | A — 5 |
| Q543 | Super senior citizen age | D (85) | C — 80 |
The author's own corrigendum (printed at the end of the MCQ file):
- Ignore the "Test for Understanding" in Ch 2, pages 10–11
- Page 26: read Purchases A/c and Sales A/c as NOMINAL accounts under the Traditional Approach (the printed table wrongly shows them as Real)
- Page 29: delete "Cash Memo received from Seller" from Internal supporting vouchers — it is External
- Revised answers for several previous-edition questions; two are marked "ignore this question"
Still missing: MCQs Q51, 78, 81, 82, 127 — their text was destroyed in the Part-1 conversion and cannot be recovered from the pages supplied so far.
📖 Original book front matter
ACCOUNTANCY · FINANCE ACCOUNTS ASSISTANT · CA MOHAMAD LATEEF
As per the latest syllabus issued by JKSSB · Theory with solved examples and MCQs
SPECIAL THANKS
I am grateful to my Dad, Ghulam Mohamad, who has been my strongest pillar of support and has guided me in all the decisions of my life, including my decision of joining the Commerce Stream at the time when everyone was expecting me to choose medical stream.
My Mother, Saja Begum, without her blessings, I wouldn't be where I am today!
My Teacher, Mr Rouf Dar (Senior Lecturer, Head Department of Commerce, S.P. Higher Secondary School, Srinagar) under whose able guidance I learnt Accountancy.
My Friends, Shabroza & Pashmina Pusdekar for their valuable contributions in writing this book.
ABOUT THE AUTHOR
The author of this book is a Chartered Accountant by Profession. He has passed the CA Final exams in 2016 with All India 35th Rank, being the First Rank holder from Kashmir and has also been teaching Accountancy subject from last 6 years. Presently, he is working in Indian Oil Corporation as a Senior Accounts Officer.
PREFACE
It gives me immense pleasure to present before my esteemed readers the book on 'Accountancy' specially curated for aspirants of the Accounts Assistant Exam conducted by J&K Service Selection Board.
The present work is my humble attempt to provide easy, lucid and simple, technically sound and comprehensive material on the subject for the benefit of its readers.
In my endeavour, I have attempted to explain the fundamentals of the subject, which will help the students to acquire proficiency in the practical aspect of the discipline of Accountancy.
Multiple Choice Questions (MCQ's) have been placed at the end of the book to better the understanding of accounting of the students. Besides, these questions have been selected with utmost care and the students may most likely find these types of questions in the exam.
To help the students to understand the topics in a better way, I have also uploaded detailed lectures encompassing all the chapters on my YouTube Channel — LATEEF'S COMMERCE ACADEMY.
Readers may reach out to me through e-mail CALATIFRUH@GMAIL.COM or contact me on 9711374943.
Best Luck, CA Mohamad Lateef
Original contents page (as printed)
Part 1 — 1. Introduction to accounting (p.2) · 2. Basic accounting terms (7) · 3. Accounting concepts (12) · 4. Accounting equation (17) · 5. Double entry system, journal & rules of journalizing (18) · 6. Voucher approach (28) · 7. Ledger accounts (31) · 8. Subsidiary books (33) · 9. Cash book (35) · 10. Trial balance (39) · 11. Financial statements (43) · 12. Trading account (48) · 13. Profit & loss account (52) · 14. Balance sheet (57) · 15. Bank reconciliation statement (61) · 16. Partnership accounts (66) · 17. Cash based single entry system (74) · 18. Financial management (80) · 19. Financial audit (82) · 20. Social accounting (85) · 21. Social audit (91) · 22. PFMS (100) — then Multiple choice questions (103) and Answer key (164)
Part 2 (page numbers restart) — 23. Taxation, Tax Laws – Direct & Indirect Tax (p.4) · 24. Cost Accounting (33) · 25. Cost Management – Budget & Budgetary Controls (43) · 26. Indian Financial Management System (51) · 27. Developments in Accounting (57) · 28. Additional Content on Previous Topics (62)
