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100+ Free CG Vyapam Sub Auditor Practice Questions

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2026 Statistics

Key Facts: CG Vyapam Sub Auditor Exam

100 MCQs

Total questions in the objective exam

Official CG Vyapam Exam Guidelines

120 mins

Time limit allowed to complete the paper

Official CG Vyapam Exam Pattern

0.25

Negative marking deduction for incorrect answers

Official CG Vyapam Marking Scheme

B.Com Degree

Mandatory educational qualification

Official CG Vyapam Eligibility Criteria

The CG Vyapam Sub Auditor exam features 100 MCQs in 120 minutes with a 0.25 mark penalty for wrong answers. The fee is up to ₹350, though CG residents are exempt from fees. Candidates must have a B.Com degree and be aged between 21 and 30.

Sample CG Vyapam Sub Auditor Practice Questions

Try these sample questions to test your CG Vyapam Sub Auditor exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1Which accounting principle states that business transactions should be recorded separately from the personal transactions of the owners?
A.Going concern concept
B.Business entity concept
C.Money measurement concept
D.Dual aspect concept
Explanation: The business entity concept states that a business is a separate legal and accounting entity distinct from its owners. Therefore, the personal transactions of the owner are not mixed with the business transactions in the books of accounts. This ensures that the financial statements represent only the financial affairs of the business itself.
2From the following details, calculate the Gross Profit of the firm: Sales = ₹3,50,000; Opening Stock = ₹40,000; Purchases = ₹2,40,000; Direct Wages = ₹20,000; Closing Stock = ₹50,000.
A.₹1,10,000
B.₹90,000
C.₹1,00,000
D.₹70,000
Explanation: First, calculate the Cost of Goods Sold (COGS): COGS = Opening Stock + Purchases + Direct Wages - Closing Stock = 40,000 + 2,40,000 + 20,000 - 50,000 = ₹2,50,000. Next, calculate the Gross Profit: Gross Profit = Sales - COGS = 3,50,000 - 2,50,000 = ₹1,00,000.
3A machine was purchased for ₹1,20,000 with an estimated useful life of 5 years and a scrap value of ₹20,000. What is the annual depreciation under the straight-line method?
A.₹20,000
B.₹24,000
C.₹16,000
D.₹10,000
Explanation: Under the straight-line method, annual depreciation is calculated as: (Cost of Asset - Scrap Value) / Useful Life = (1,20,000 - 20,000) / 5 = 1,00,000 / 5 = ₹20,000. This results in a constant charge of ₹20,000 per year over the asset's useful life.
4A company purchases machinery for ₹2,00,000. Depreciation is charged at 10% per annum under the Written Down Value (WDV) method. What will be the book value of the machinery at the end of the second year?
A.₹1,80,000
B.₹1,60,000
C.₹1,62,000
D.₹1,70,000
Explanation: Depreciation for Year 1 is 10% of 2,00,000 = ₹20,000. Book value at the end of Year 1 (start of Year 2) = 2,00,000 - 20,000 = ₹1,80,000. Depreciation for Year 2 is 10% of 1,80,000 = ₹18,000. Book value at the end of Year 2 = 1,80,000 - 18,000 = ₹1,62,000.
5A and B are partners sharing profits in the ratio of 3:2. They admit C as a new partner for a 1/5th share in the profits. What will be the new profit-sharing ratio of A, B, and C?
A.12 : 8 : 5
B.3 : 2 : 1
C.9 : 6 : 5
D.15 : 10 : 5
Explanation: Let the total profit share be 1. C's share is 1/5, so the remaining share is 1 - 1/5 = 4/5. A's new share = 3/5 of 4/5 = 12/25. B's new share = 2/5 of 4/5 = 8/25. C's share can be written as 1/5 = 5/25. Therefore, the new ratio is 12:8:5.
6X and Y share profits in the ratio of 7:3. Z is admitted, and the new profit-sharing ratio is determined as 5:3:2. What is the sacrificing ratio of X and Y?
A.2 : 1
B.Only X sacrifices (2:0)
C.1 : 1
D.3 : 2
Explanation: Sacrificing Ratio = Old Share - New Share. For X: 7/10 - 5/10 = 2/10. For Y: 3/10 - 3/10 = 0. Since Y's share remains unchanged, only X is sacrificing his share of profit for Z. The sacrificing ratio is 2:0.
7The average net profit of a firm is ₹80,000. Capital employed in the business is ₹5,00,000, and the normal rate of return is 10%. If goodwill is valued at 3 years' purchase of super profits, what is the value of goodwill?
A.₹1,50,000
B.₹90,000
C.₹2,40,000
D.₹30,000
Explanation: First, calculate the Normal Profit: Normal Profit = Capital Employed * Normal Rate of Return = 5,00,000 * 10% = ₹50,000. Next, calculate the Super Profit: Super Profit = Average Profit - Normal Profit = 80,000 - 50,000 = ₹30,000. Finally, calculate the Goodwill: Goodwill = 3 * Super Profit = 3 * 30,000 = ₹90,000.
8A company forfeited 100 shares of ₹10 each, on which ₹7 per share has been called up and ₹4 per share has been paid. What is the amount that should be credited to the Share Forfeiture Account?
A.₹700
B.₹300
C.₹400
D.₹1,000
Explanation: The Share Forfeiture Account is credited with the amount actually paid up by the shareholders on the forfeited shares. Here, the number of forfeited shares is 100 and the paid-up amount is ₹4 per share. Therefore, the amount credited is 100 * ₹4 = ₹400.
9A company forfeits 200 shares of ₹10 each (fully called up) for non-payment of allotment money of ₹3 per share. These shares are reissued to X at ₹8 per share as fully paid up. What is the amount transferred to the Capital Reserve Account?
A.₹1,400
B.₹1,000
C.₹400
D.₹1,200
Explanation: Amount received on forfeited shares = 200 shares * (₹10 called - ₹3 unpaid) = 200 * ₹7 = ₹1,400. Discount allowed on reissue = 200 shares * (₹10 face value - ₹8 reissue price) = 200 * ₹2 = ₹400. Amount transferred to Capital Reserve = Gain on forfeiture - Discount on reissue = 1,400 - 400 = ₹1,000.
10P and Q started a partnership on April 1, 2025, with capitals of ₹2,00,000 and ₹3,00,000 respectively. The partnership deed provides for interest on capital at 6% p.a. What is the interest on Q's capital for the year ended March 31, 2026?
A.₹12,000
B.₹18,000
C.₹15,000
D.₹30,000
Explanation: Interest on Q's capital is calculated on Q's capital of ₹3,00,000 for the full year at 6% per annum: Interest = 3,00,000 * (6 / 100) = ₹18,000.

About the CG Vyapam Sub Auditor Exam

The CG Vyapam Sub Auditor (Upa Ankekshak) recruitment exam is conducted by the Chhattisgarh Professional Examination Board, Raipur, to select candidates for sub-auditor vacancies in state government departments. The exam consists of 100 multiple-choice questions focusing on Accounting (35%), Auditing (35%), Management (15%), and Economics (15%). This practice exam contains exactly 100 questions covering all syllabus domains with a significant focus on numerical accounting questions, vouching principles, company law, and business economics, designed according to the 2026 exam pattern.

Questions

100 scored questions

Time Limit

2 hours (120 minutes)

Passing Score

Cut-off based selection (minimum qualifying scores apply based on category).

Exam Fee

₹350 for General, ₹250 for OBC, ₹200 for SC/ST/Divyang (Free for CG residents). (Chhattisgarh Professional Examination Board (CG Vyapam), Raipur)

CG Vyapam Sub Auditor Exam Content Outline

35%

Accounting

Accounting basics, journal, ledger, trial balance, depreciation, partnership accounts, corporate accounting, cost accounting, ratio analysis, and computerized accounting.

35%

Auditing

Introduction to auditing, audit planning and program, internal control and check, vouching and verification of assets/liabilities, company auditor appointment, and audit reports.

15%

Management

Management concepts, planning and decision-making, organization, motivation, leadership, communication, Companies Act 2013, and CG Cooperative Society Act 1960.

15%

Economics

Micro and macroeconomics, business economics, demand and supply, market structure, inflation, and national income concepts.

How to Pass the CG Vyapam Sub Auditor Exam

What You Need to Know

  • Passing score: Cut-off based selection (minimum qualifying scores apply based on category).
  • Exam length: 100 questions
  • Time limit: 2 hours (120 minutes)
  • Exam fee: ₹350 for General, ₹250 for OBC, ₹200 for SC/ST/Divyang (Free for CG residents).

Keys to Passing

  • Complete 500+ practice questions
  • Score 80%+ consistently before scheduling
  • Focus on highest-weighted sections
  • Use our AI tutor for tough concepts

CG Vyapam Sub Auditor Study Tips from Top Performers

1Practice step-by-step mathematical calculations in accounting, such as straight-line/reducing balance depreciation, asset disposals, and partnership profit sharing.
2Understand standard ratio analysis formulas including liquidity, solvency, activity, and profitability ratios.
3Focus on Auditing Standards, vouching procedures for cash and credit transactions, and verification techniques for fixed and current assets.
4Review the key provisions of the Companies Act 2013 related to auditor appointment, rights, duties, and audit reports.
5Study management principles, leadership styles, motivation theories (Maslow, Herzberg), and basic micro/macroeconomic principles.

Frequently Asked Questions

What is the educational qualification required for the CG Vyapam Sub Auditor exam?

Candidates must hold a Bachelor's degree in Commerce (B.Com) from a recognized university or institute.

Is there negative marking in the CG Vyapam Sub Auditor exam?

Yes, there is a negative marking of 1/4 (0.25) marks for every incorrect answer in the written test.

What is the age limit for the CG Vyapam Sub Auditor exam?

Candidates must be between 21 and 30 years old as of January 1, 2026. Age relaxations up to 35/40 years apply for reserved categories, women, and CG domicile candidates as per government rules.

What is the exam pattern of CG Vyapam Sub Auditor?

The exam is an offline OMR-based test containing 100 multiple-choice questions. It covers Accounting (35%), Auditing (35%), Management (15%), and Economics (15%), to be completed in 120 minutes.

Is there any application fee for Chhattisgarh domicile candidates?

No, as per the Chhattisgarh state policy, candidates with Chhattisgarh domicile are exempt from paying any examination application fees.