It is an entry level test for Chartered Accountancy course, which is held twice in a year in June and December. It is a test of four subjects i.e., Accounting, Mercantile Laws, General Economics and Quantitative Aptitude with an objective to test the basic knowledge in these subject areas. This test is of 200 marks. This test is divided into two sessions of two hours 4 each with a break in between. CPT is an objective type test with negative marking. Subjects to be studied in CPT are as follows: • Fundamentals of Accounting • Mercantile Laws • General Economics • Quantitative Aptitude
(i) Enrol with the Institute for Common Proficiency Test after passing class 10th examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto.
(ii) Appear in CPT examination after appearing in the Senior Secondary Examination (10+2 examination) conducted by an examining body constituted by law in India or an examination recognised by the Central Government as equivalent thereto and after completion of specified period (60 days) from the date of registration for CPT with the Board of Studies and first day of the month in which the examination is to be held, viz., students registered on or before 1st April/1st October will be eligible to appear in June/December examination, as the case may be.