CMA Intermediate · June 2026 · Paper 6
CMA Intermediate Financial Accounting June 2026: paper analysis
Our own analysis of the official paper, as of 12 October 2026. The questions and answers belong to ICMAI; read them on ICMAI's website.
Chapter-wise marks
Where the marks were in this paper (out of 100; internal-choice alternatives not double counted).
What each question tested
In our words, by question number. Open the official paper for the full question.
| Q | Marks | Tests | Chapter |
|---|---|---|---|
| 2(a) | 7 | Ledger account for a machine over several years: capitalising directly attributable costs, depreciation and profit or loss on sale | Property, Plant and Equipment (AS 10) |
| 2(b) | 7 | Rectification of errors after closing the books and preparation of a suspense account | Accounting Fundamentals |
| 3(a) | 7 | Accommodation bills between two parties ending with the acceptor's insolvency: journal entries | Bills of Exchange |
| 3(b) | 7 | Hire purchase trading account for a departmental hire purchase business with repossessed goods | Hire Purchase and Installment Sale Transactions |
| 4(a) | 7 | Income and expenditure account of a club derived from its receipts and payments account with adjustments | Financial Statements of Not-for-Profit Organisations |
| 4(b) | 7 | Drafting a closing balance sheet from incomplete records using gross profit ratio and credit periods | Financial Statements from Incomplete Records |
| 5 | 14 | Dissolution of a firm: realisation account, partners' capital accounts and bank account with assets taken over and a joint life policy | Dissolution of Partnership Firms including Piecemeal Distribution |
| 6(a) | 7 | Branch stock and branch stock adjustment accounts where goods are invoiced below list price | Branch (including Foreign Branch) and Departmental Accounts |
| 6(b) | 7 | Insurance claim for loss of stock by fire using gross profit ratio and adjusting abnormal items | Insurance Claim for Loss of Stock and Loss of Profit |
| 7(a) | 7 | Capitalised cost of plant under AS 10 including taxes, erection costs and borrowing cost treatment | Property, Plant and Equipment (AS 10) |
| 7(b) | 7 | Foreign currency transaction under AS 11: initial recognition and exchange difference across two years | The Effects of Changes in Foreign Exchange Rates (AS 11) |
| 8(a) | 5 | Factors governing the selection of accounting policies under AS 1 | Disclosure of Accounting Policies (AS 1) |
| 8(b) | 5 | Accrual-basis salary expense versus cash paid when wages are paid one month in arrears | Accounting Fundamentals |
| 8(c) | 4 | Amount payable to a retiring partner whose dues remain unsettled, under the partnership law option | Retirement of Partner |
What stood out
- The written section was almost entirely numerical: only one 5-mark part (accounting policy selection under AS 1) was pure theory.
- Partnership accounts carried the single largest block, a full 14-mark dissolution question with realisation, capital and bank accounts, plus a short retiring-partner computation.
- Accounting standards were tested practically through AS 10 capitalisation (twice, including a machinery ledger) and AS 11 exchange differences, together worth 21 marks of written questions.
- Special transactions (accommodation bills, hire purchase, branch stock, fire insurance claim) each appeared as 7-mark parts, rewarding broad coverage of the middle chapters.
- The MCQ section spread 15 questions over 12 chapters, with basic accounting concepts and final accounts adjustments taking five of them.
Practise the chapters that carried the marks
Accounting Fundamentals, Property, Plant and Equipment (AS 10), Dissolution of Partnership Firms including Piecemeal Distribution: study guides and practice questions in the CMA Intermediate format.