Union Bank Accountancy Mock Test 2026: Practice Q&A, Syllabus & Study Plan

The Union Bank Accountancy Mock Test is the single fastest way to find out whether you are truly ready for your internal promotion exam. If you are a Union Bank of India employee moving from Clerical to Officer (Scale-I) - or aiming higher - accountancy is one paper you cannot afford to wing. This 2026 guide gives you a full practice test.

The official-style syllabus. Key formulas. The mistakes that quietly cost marks.

And a study plan that actually works.

Most candidates fail accountancy not because the concepts are hard. But because they never practise under exam pressure. Reading notes feels productive. Solving timed questions tells the truth. So treat this page as a workout, not a lecture.

Why the Union Bank Accountancy Paper Matters for Promotion

Internal promotion exams decide your next pay scale, posting and career trajectory. The accountancy paper is heavily concept-driven. Scoring - if you prepare smartly.

Unlike general awareness, accountancy answers do not change every month. A debit stays a debit. That stability is your advantage.

Because the syllabus is fixed and predictable, focused practice yields fast results. A candidate who solves 200-300 quality questions usually walks in calm. Confident. That is exactly the gap this Union Bank Accountancy Mock Test is built to close.

Who Should Take This Mock Test

• Union Bank staff appearing for Clerical to Officer (Scale-I) promotion.
• Officers preparing for higher-scale promotion exams.
• Any banker who wants a quick accountancy refresher before the exam.

Union Bank Accountancy Syllabus at a Glance

Below is the accountancy syllabus typically prescribed for Union Bank internal promotion exams. Always cross-check the exact scope. Weightage on the latest official Union Bank notification. As topics can be revised year to year.

Union Bank Accountancy Mock Test: 20 Solved Questions

Set a timer for 20 minutes. Attempt all 20 questions without checking the answers. Then score yourself using the answer key that follows. This is the heart of the Union Bank Accountancy Mock Test. So give it your full focus.

Q1. The formula for calculating Capital Employed is:

1. Fixed Assets + Current Assets + Current Liabilities
2. Fixed Assets + Current Assets - Current Liabilities
3. Fixed Assets - Current Assets + Current Liabilities
4. Fixed Assets - Current Assets - Current Liabilities

Q2. Which of the following standards allows expenses to be presented based on their function or nature?

1. US GAAP
2. Indian GAAP
3. IFRS
4. Depends upon the implementation

Q3. Which of the given expenses should not be treated as an expense of capital nature?

1. Legal expenses incurred to defend a suit relating to the title of a patent. Where the suit has been lost.
2. Cost of dismantling a building when a new building is to be constructed on the same land.
3. Expenses paid for the installation of a plant.
4. The engineer's fee for the construction of the plant.

Q4. Which of the following statements is true?

1. Both book-keeping and accounting are complementary to each other. As accounting starts from the point where book-keeping ends.
2. The terms accounting and book-keeping are used synonymously.
3. Accounting starts from where book-keeping ends.
4. Book-keeping and accounting are both complementary to each other.

Q5. Which accounting method recognises. Records revenue. Expenses when products or services are actually sold to customers?

1. Credit system of accounting
2. Accrual system of accounting
3. Cash system of accounting
4. Debit system of accounting

Q6. Earnings Per Share (EPS) is calculated by which of the following formulas?

1. Net Profit / Number of Ordinary Shares Outstanding
2. Gross Profit / Number of Equity Shareholders
3. Net Profit / Number of Equity Shareholders
4. Gross Profit / Number of Ordinary Shares Outstanding

Q7. The accounting entry of a closing balance is recorded for. Of the following?

1. Liabilities & Expenses A/Cs
2. Incomes & Expenses A/Cs
3. Liabilities & Owner's Equity A/Cs
4. Assets & Liabilities A/Cs

Q8. What is/are the benefit(s) of implementing accounting standards?

1. They facilitate comparison of financial statements of different companies.
2. They call for disclosure beyond what is required by law.
3. They eliminate altogether confusing variations.
4. All of the above are benefits.

Q9. What is/are the purpose(s) of accounting standards?

1. They lower accounting dissimilarities.
2. They ensure comparability of financial statements.
3. They standardise diverse accounting policies.
4. All of the above.

Q10. Which financial statement provides information on the profitability of a company over a period of time?

1. Cash Flow Statement
2. Income Statement
3. Balance Sheet
4. None of the above statements

Q11. Goodwill can be classified into which of the following categories?

1. Purchased goodwill
2. Self-generated goodwill
3. Both of the above
4. None of the above options

Q12. Which of the following statements is incorrect?

1. A shareholder is a company's agent.
2. A company is a legal entity. Is distinct (separate) from its members.
3. A company can buy its own shares.
4. The same person can be an agent. A creditor of the company.

Q13. Which of the following statements is not true?

1. A company can raise funds beyond its authorised or registered capital.
2. A dividend that has been declared is classified in the balance sheet as a current liability.
3. Dividends are usually paid as a percentage of the paid-up capital amount.
4. As per the Companies Act. Preference shares that are redeemable within 20 years can be issued.

Q14. Which of the following is not a statistical book of a company?

1. Share application and allotment book
2. Register of share warrants
3. Register of debenture holders
4. Register of shares and debentures transferred

Q15. Which of the following will not be recorded in the books of accounts?

1. Paid rent for office premises Rs. 17,000.00
2. Paid commission for purchase of raw material Rs. 2,500.00
3. Purchased goods on credit Rs. 35,000.00 for resale
4. Resignation of the manager, Mr. Aman Diwan

Q16. The sales book records which of the following transactions?

1. Goods that are sold for cash
2. Credit sales of goods or services
3. All sales of goods that are dealt in
4. All sales, whether of goods or assets

Q17. Income is measured on the basis of which of the given concepts?

1. Cost concept
2. Consistency concept
3. Matching concept
4. None of the above concepts

Q18. In which of the following areas can different accounting policies be adopted?

1. Inventory valuation
2. Investment valuation
3. Depreciation calculation
4. All of the above

Q19. The trial balance checks which of the following?

1. Closing stock valuation
2. Arithmetical accuracy of the books of accounts
3. Valuation of liabilities
4. Valuation of assets

Q20. Returns inwards are deducted from which of the following?

1. Purchases
2. Returns outwards
3. Sales
4. Closing stock

Answer Key With Quick Explanations

Score one mark per correct answer. Anything above 16/20 is strong. Below 12/20? Revisit the basics. Retake the Union Bank Accountancy Mock Test after a week.

Notice the pattern. Questions on formulas, accounting concepts and company accounts repeat often. If those three buckets are solid. You have already won half the paper.

Must-Know Accountancy Formulas and Concepts

These are the high-frequency points that show up across the Union Bank Accountancy Mock Test. The real exam. Memorise them cold.

• Capital Employed = Fixed Assets + Current Assets - Current Liabilities.
• Earnings Per Share (EPS) = Net Profit / Number of Ordinary Shares Outstanding.
• Cash system of accounting records revenue. Expenses only when goods or services are actually sold.
• Matching concept is the basis on which income is measured.
• Trial balance verifies the arithmetical accuracy of the books - not valuation.
• Closing balance entries are passed for asset and liability accounts.
• Sales book records only credit sales of goods or services.
• Returns inwards (sales returns) are deducted from sales.

Book-keeping vs Accounting: Know the Difference

Examiners love this distinction. Keep it crisp.

How to Study for the Union Bank Accountancy Paper

A test is only useful if it feeds a smarter routine. Here is a simple, repeatable plan that fits a working banker's schedule.

1. Build the base (Week 1-2): Revise journalising. Ledgers, trial balance and final accounts. These appear everywhere.
2. Layer the specials (Week 3): Cover partnership, consignment, joint venture and company accounts.
3. Drill formulas daily: Spend ten minutes each morning on Capital Employed. EPS and key ratios.
4. Practise timed tests: Take one mock every two days. Use our mock tests to simulate the real clock.
5. Review every error: Maintain a one-page mistake log. Re-read it before the exam.

Common Mistakes That Cost Marks

Smart preparation also means avoiding silly losses. These are the traps that trip up most promotion candidates.

• Confusing capital and revenue expenditure. Installation and construction costs are capital. A lost legal suit is usually revenue.
• Mixing up sales book entries. It records credit sales of goods only - not cash sales or asset sales.
• Forgetting that the trial balance only checks arithmetic, not valuation or completeness.
• Ignoring non-monetary events. A manager's resignation is not recorded in the books.
• Skipping the official notification. Always confirm the latest pattern. Marks. Date on the official Union Bank notification before you finalise your strategy.
• Practising without a timer. If you cannot finish 20 questions in 20 minutes now. You will panic on exam day.

Frequently Asked Questions

How many questions are in the Union Bank Accountancy Mock Test?

This practice set contains 20 multiple-choice questions to be solved in roughly 20 minutes. The actual exam pattern may differ. So always confirm question count. Marks on the latest official Union Bank notification.

What topics are most important in the accountancy paper?

Recording entries. Trial balance, final accounts, partnership and company accounts carry the most weight. Formulas like Capital Employed and EPS deliver quick, reliable marks.

Is accountancy difficult for the Union Bank promotion exam?

No. Accountancy is one of the most scoring papers. Its concepts are stable and predictable. Consistent practice with mock tests makes it very manageable.

How should I revise in the last week before the exam?

Re-solve two or three full mock tests. Revise your formula sheet daily, and read through your personal mistake log. Avoid learning brand-new topics at the last minute.

Where can I find more practice tests and study material?

You can take more timed mock tests and read detailed free guides on Learning Sessions, covering every major topic in the banking promotion syllabus.

Final Word: Practise Today, Promote Tomorrow

The Union Bank Accountancy Mock Test is more than a quiz - it is a mirror. It shows you exactly where you stand and what to fix. Banking promotion exams reward the prepared, not the lucky. Solve, score, review and repeat.

Be honest with your weak areas. Drill the formulas, and walk into that exam hall calm. Your next pay scale is closer than you think. Start your next mock test now. And make this the year you get promoted.

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