CSEET · June 2026 · Paper 2
CSEET Fundamentals of Accounting June 2026: paper analysis
Our own analysis of the official paper, as of 12 October 2026. The questions and answers belong to ICSI; read them on ICSI's website.
Chapter-wise marks
Where the marks were in this paper (out of 100; internal-choice alternatives not double counted).
| Chapter | Questions | Marks | Share |
|---|---|---|---|
| Introduction to Company Accounts | 4 | 26 | 20% |
| Partnership and LLP Accounts | 3 | 24 | 18% |
| Accounting for Non-Profit Organizations | 2 | 22 | 17% |
| Depreciation and Amortization | 3 | 17 | 13% |
| Bank Reconciliation Statement | 2 | 16 | 12% |
| Preparation of Final Accounts for Sole Proprietorship | 1 | 16 | 12% |
| Basic Concepts and Principles of Accounting | 1 | 6 | 5% |
| Accounting Process | 1 | 5 | 4% |
What each question tested
In our words, by question number. Open the official paper for the full question.
| Q | Marks | Tests | Chapter |
|---|---|---|---|
| 1(a) | 8 | Machinery and depreciation accounts under WDV with dismantling cost, sale and a replacement asset over four years | Depreciation and Amortization |
| 1(b) | 4 | Permitted uses of the securities premium account | Introduction to Company Accounts |
| 1(c) | 8 | Bank reconciliation from a pass book balance including recording errors and a casting mistake | Bank Reconciliation Statement |
| 2(a) | 6 | Balance sheet extract for a prize fund with investment income, donations and prizes | Accounting for Non-Profit Organizations |
| 2(b) | 6 | Note explaining accounting principles and conventions to a managing director | Basic Concepts and Principles of Accounting |
| 2(c) | 4 | Schedule of intangible assets with amortisation for notes to accounts | Depreciation and Amortization |
| 3(a) | 8 | Bank reconciliation starting from a cash book overdraft with uncollected cheques and bank charges | Bank Reconciliation Statement |
| 3(b) | 8 | Dissolution of a firm: realisation, partner capital and bank accounts including a joint life policy | Partnership and LLP Accounts |
| 4(a) | 12 | Profit and loss appropriation and fixed capital accounts with interest, salary, rent and partner loan | Partnership and LLP Accounts |
| 4(b) | 4 | Pro-rata allotment of securities and when it is used | Introduction to Company Accounts |
| 5 | 16 | Trading, profit and loss account and balance sheet with sale-or-approval goods, bill discounting and private use adjustments | Preparation of Final Accounts for Sole Proprietorship |
| 6(a) | 12 | Issue of shares at premium with partial rejection, forfeiture, journal entries and cash book | Introduction to Company Accounts |
| 6(b) | 4 | Computing a partner commission defined as a percentage of profit after charging that commission | Partnership and LLP Accounts |
| 7 | 16 | Income and Expenditure Account and Balance Sheet of a club with subscriptions, entrance fees and stock of stationery | Accounting for Non-Profit Organizations |
| 8(a) | 6 | Journal entries for forfeiture and reissue of shares at a discount | Introduction to Company Accounts |
| 8(b) | 5 | Identifying the book of original entry for different transactions | Accounting Process |
| 8(c) | 5 | Machinery account with a change from diminishing balance to straight line method | Depreciation and Amortization |
What stood out
- Practical work dominates: 14 of 17 entries are computational, and the three theory parts total only 14 marks.
- Introduction to Company Accounts is the most frequent chapter with 4 entries, two of which involve share forfeiture (one also covering reissue).
- Depreciation and Amortization appears 3 times, including amortisation of intangibles and a change in depreciation method.
- Bank reconciliation is tested twice (8 marks each), once from a pass book balance and once from a cash book overdraft.
- Larger single questions are full-length: final accounts and club accounts carry 16 marks each, and partnership appropriation and share issue carry 12 marks each.
Practise the chapters that carried the marks
Introduction to Company Accounts, Partnership and LLP Accounts, Accounting for Non-Profit Organizations: study guides and practice questions in the CSEET format.