⏳ Don’t have time for full-length mock tests?

At least make sure you practice your MCQs! 🎯

Our CA Final MCQ Test Series helps you practice 23 MCQs as per ICAI’s new paper pattern, with new questions and real exam-like scenarios.

Even if you can’t spare 3 hours for a full mock, you can spare time for MCQs. Every mark counts!

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📚Nov-26 Admit Card has been released for CA Final!

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Check out our new video!!!
DT Past Paper Analysis - Repeated Chapters expected in CA FINAL Nov 2026

https://youtube.com/shorts/ozYyvNfvpvM?si=CmVmjnfWK1cTmwQp

AFM MTP 1 Case Scenario 2

The above Case Scenario question isn’t new — it’s straight from the Concept in ICAI Study Material! 📚👇
CA FINAL AFM Ch 4-Security Analysis Page 4.21

Study the ICAI SM thoroughly. Every concept can become an MCQ!

To Practice Concept Based Unseen Questions like these, visit www.camcqs.com
{Offer ends in 2 days👀}

Our AFM analysis is now live: https://youtube.com/shorts/GV6lLiVN9lw

🎯 IBS MCQ 5 is live

20 new questions across four case studies, from a bamboo composites maker in Assam to an EPC contractor in Madhya Pradesh. None of them come from an RTP or a past paper.

Each case mixes FR, DT, IDT/Customs, AFM, Audit and SCMPE, the way the real IBS paper does. It’s 40 marks in 60 minutes, in the exam format.

✅ MCQ 5 is now live in all 6 subjects: FR, AFM, AAAPE, DT, IDT and IBS.

⏰ The exam offer ends tomorrow, 20 Oct. Prices go up after that.
Sit it under exam conditions, then use the topic-wise analysis to see exactly where your marks slipped.

camcqs.com

🪤 CA Final Trap · Financial Reporting · Ind AS 110 / Ind AS 21

Narmada Pumps Ltd, Vadodara, owns 80% of Gulf Flow LLC, its Dubai subsidiary. It sells the entire 80% stake for ₹1,200 lakh.

On the date of sale:
- Net assets of Gulf Flow in the consolidated accounts: ₹1,000 lakh
- Non-controlling interest (NCI): ₹180 lakh
- Foreign currency translation reserve (FCTR) for Gulf Flow: ₹120 lakh credit (Narmada's share; a further ₹30 lakh sits within NCI)

What is Narmada's gain on disposal in consolidated profit or loss?

📌 ICAI set this exact trap in the May 2026 CA Final exam, Paper 1 (Financial Reporting), MCQ 3.

⏳ Exam offer ends tomorrow, 20 Oct. Try MCQ 1 free in every paper at camcqs.com

Answer will be revealed by 2:00 p.m

Answer: A

Why it's a trap: There are two steps students miss. First, NCI is derecognised along with the net assets, so Narmada gives up only ₹820 lakh (1,000 − 180), not ₹1,000 lakh. Second, the parent's FCTR is reclassified from OCI to profit or loss on losing control. Gain = 1,200 − 820 + 120 = ₹500 lakh. The NCI's ₹30 lakh is not recycled separately, because it already sits inside the ₹180 lakh. B ignores both steps, C forgets the FCTR, and D forgets the NCI.

IDT analysis is out: https://www.youtube.com/shorts/SpvTdM0rbJU

CA Final Direct Tax: 5 of the 28 chapters carried 54% of the marks in the last 6 ICAI papers (May 2024 – May 2026).

PGBP 86 · Trusts 84 · TDS/TCS 82 · Non-resident 62 · Transfer Pricing 50 — all five asked in every paper.

At the other end, Chapter 2 had no question of its own, though section 10 still turns up inside trust and non-resident questions.

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CA Final AFM: 5 of the 15 chapters carried 54% of the marks in the last 6 ICAI papers (May 2024 – May 2026).

Derivatives 84 · Mutual Funds 72 · Portfolio 68 · Forex 67 · Security Valuation 62.

The dots show how many of the 6 papers asked each chapter. Derivatives, Mutual Funds, Portfolio and Security Valuation were asked every time.

Practise AFM MCQs in exam conditions (MCQ 1 of every paper is free): https://www.camcqs.com

Every question counted, optional ones included; OR alternatives excluded. Past-paper pattern, not a prediction.

FR analysis is out: https://www.youtube.com/shorts/RAUsuMJlyn0

AFM Case Scenario - ANSWER IT👇