CSS Past Paper Accounting And Auditing 2020

CSS Accountancy and Auditing 2020 Past Paper

Download CSS Past Paper Accounting And Auditing 2020 PDF. Are you preparing for the CSS Exam with Accountancy and Auditing as your optional subject? If yes, then reviewing past papers is one of the smartest strategies to understand the exam pattern, difficulty level, and key topics.

In this post, we are sharing the CSS Accountancy and Auditing Paper 2020 (Paper-I & Paper-II) in PDF format along with a structured overview of what’s inside. 

Overview of the CSS Accountancy & Auditing Paper 2020 

The paper is divided into two parts: 

• Part I (MCQs): 20 Marks, 30 minutes 
• Part II (Subjective): 80 Marks, 4 Questions to attempt 

There are two papers (Paper I & Paper II) covering Accounting, Auditing, Costing, Finance, and Taxation.  

Paper-I Structure 

Section I – Financial Accounting & Analysis 

Includes journal entries, trial balances, income statements, and balance sheets: 

• Journalize business transactions 
• Prepare adjusted trial balance 
• Create: 
•  Income Statement 
•  Retained Earnings Statement 
•  Balance Sheet 

Section II – Ratio & Financial Analysis 

Topics include: 

• Total Asset Turnover 
• Profit Margin 
• ROA (Return on Assets) 
• Accounts Receivable Turnover & Collection Period 

Section III – Capital Budgeting & Cash Flows 

Questions test your knowledge on: 

• NPV Calculation 
• Tax impact 
• MACRS Depreciation 
• Cash Flow from Operations using Direct Method 

Section IV – Cost & Managerial Accounting 

You’ll find questions on: 

• Overhead Rate Calculations 
• Job Costing 
• Machine Hour Rate 
• Equivalent Units using FIFO/Weighted Average 
• Income Statements (Absorption vs Variable Costing)

Paper-II Structure 

Section I – Auditing 

• Need for Computerized Audit 
• Use of CAAT (Computer Assisted Audit Techniques) 
• Reasonable Assurance vs True & Fair View 

Concepts of: 

• •  Materiality 
  •  Misstatement & Fraud 
  •  Test of Controls vs Substantive Procedures 

Section II – Business Taxation 

Covers Income Tax Ordinance 2001: 

• Definitions
  •  Heads of Income 
• Tax Credits 
  • Capital Gains 
  • Complex Tax Calculations (Rental + Business Income) 
  • Tax treatment for non-filers 

Section III – Business Studies & Finance 

Questions on

• Types of Business Entities in Pakistan 
• Joint Stock Company – Formation process 
• WACC (Weighted Average Cost of Capital) Calculation 

About the CSS

The CSS (Central Superior Services) Competitive Examination is a rigorous federal-level test administered by the Federal Public Service Commission (FPSC) to select candidates for prestigious civil service roles across Pakistan. The exam’s rules and regulations, covering age limits, eligibility, subjects, and quotas, are detailed in the official CSS Rules section on the FPSC’s website.

The CSS Exam Rules, issued by FPSC Pakistan, outline eligibility criteria, age limits (21–30 years), and a maximum of three attempts for candidates. The exam includes written tests, a medical exam, a psychological assessment, and an interview. Rules also define quotas, disqualification grounds, and subject selection for a fair recruitment process.

Why You Should Practice This Paper 

Practicing this paper will help you: 

• Understand exam trends 
• Get used to complex numerical problems 
• Prepare both accounting and auditing comprehensively 
• Improve your time management 

Download the CSS 2020 Accountancy & Auditing Paper PDF 

• Click below to download the complete paper with both Paper I and Paper II. 

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Pro Tip: Use this paper with past papers from other years to create a full revision plan.