Abstract This article presents questions on accountancy, which formed the part of the second half of the May 1943 certified public accountant examination in accounting practice, prepared by the Board of Examiners of the American Institute of Accountants. The candidate was allowed four and a half hours to solve all problems. Points allotted for each question are also given in the article. Question 1 carried 12 points, second question carried 22 points and third question carried 16 points. In the first question, from the given data the examinees had to prepare a summary of cigar-counter transactions, also showing amount of shortage, recommendations for maintaining adequate internal check and general-ledger accounting control. In the second question, from the given audited balance sheet, statement of profit and loss and summaries of ledger accounts of a company, the examinees were asked to prepare a statement of receipts and disbursements, condensed statement of application of funds, showing how the decrease in the net current and working assets came about, statement of profit and loss and statement of receipts and disbursements.