Preparation Strategy For Grp -1

answered on 29-Jan-25 18:09

Recently I qualified CA Final Grp-2 In Nay-25 th attempt I'm giving Grp-1 I'm confused about how to approach it especially in Audit Subject please share and guide me on how to plan

latest answer

Hi Surya Prakash Congratulations for your Group 2 results. Right approach for studying a subject like Audit will be - first focus on covering standards as major part of the exam questions come from standards - new standards added have also good weightage and they are not difficult when it comes to preparation. Do not ignore them - professional ethics- devote good amount of time as it’s a great scoring area. - other topics if you feel time is less or you will not be able to complete, you can take questions and prepare according. Topics like audit of bank,NBFC have to be done in detail. Other topics you can use the approach of picking questions from compiler , institute study material , most aspects will be covered there. For Esg audit - please complete BRSR REPORTING. CARO - specific weightage. So study in detail . Further assistance needed, Please get back and I will be happy to help you

Surya Prakash

CA Final

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2

336

IFM - APV

answered on 21-Jan-25 19:05

In ILL 11, alternate solution is arrived considering interest subsidy. So, if there is any loan repayment subsidy instead of interest itself, should we include or exclude the PV of the loan repayment subsidy when calculating the APV?

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Thankyou sir

Durai Murugan

CA Final

★ 470

2

258

Financial Statements of Companies

answered on 23-Jan-25 18:18

Illustration 4-pg : 11.34. Note no :11&12, How they segregated foods stuffs as (note 11) and Wines, Cigarette, Cigars as (note 12)

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Oh ok. Thank you

Lathika

CA Inter

★ 6K+

4

389

Due Diligence Fees

answered on 21-Jan-25 15:39

Sir , In material it is mentioned that Due diligence fees is borne generally by VC (@ Pg 244 in theory complier), but in the video it is said that Due diligence fees is borne generally by Start-ups (@ 02:30Min)

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Ok sir thank you 👍🏻

Lokesh Reddy

CA Final

★ 530

3

294

LEASE

answered on 21-Jan-25 18:55

ILLUSTRATION 38 THERE IS NO ADDITIONAL DATA THAT SIR DISCUSSED ABOUT WAIVE OFF LEASE PAYMENT

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Okay sir

Naveen Kumar

CA Final

★ 400

2

254

BH Enterprise is a government agency recently organized around Bule hora and its surroundings to rehabilitate street children. It has five employees whose salaries are paid according to the Ethiopian calendar month. The following data relates to the month

answered on 20-Feb-26 14:26

BH Enterprise is a government agency recently organized around Bule hora and its surroundings to rehabilitate street children. It has five employees whose salaries are paid according to the Ethiopian calendar month. The following data relates to the month of Tahisas, 2001. Serial No. Name of Employee Basic Salary Transportation Allowance Overtime worked(hr) Duration of OT Work 01 Abraham Getu Br. 730 200 4 6:00-10:00 P.M 02 Bekuma Jirra 1020 ____ 8 Sunday(8:30 – 5:30) 03 Meymuna Hunduma 5300 ____ ____ ____ 04 Tweodros Alemayehu 1470 ____ ____ ____ 05 Yetimwork Kebede 950 ____ 6 Public Holiday Additional Information: The management of the enterprise usually expects a worker to work 40 hours in a week and during Tahisas there are four weeks. There were no absentees during the month All employees are permanent except Tewodros and Yetimwork. Bekuma agreed to contribute monthly Br. 300 from his salary as a monthly saving in the credit association of the enterprise. Required: Prepare a payroll register (sheet) for the enterprise for the month of Tahisas, 2001. Record the payment of salary as of Tahisas 30, 2001 using check stub No. 0123. Record the payment of the claim of the credit association of their enterprise on Tir 1, 2001. Use check stub No. 0124. Record the payment of the withholding taxes and pension contribution to the concerned government body on Tir 5, 2001. Compute and recognize the total payroll tax expense for the month of Tahisas, 2001.

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Thanks, it is nice information!

barudin hasen

Qualified CMA

★ 0

2

205

test in as 10

answered on 21-Jan-25 11:38

on 12th question the given options are wrong and the given explanation is also wrong. explanation provided on the question: Net book value after 3 years before revaluation is ₹4,100,000 ((4,000,000 + 400,000 + 200,000) - ((4,600,000 / 10) * 3)). Revaluation surplus is ₹5,500,000 - ₹4,100,000 = 14,00,000 but actually its not 4100000 its 3220000 so the ans is not in the given option please verify and crt it

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thanks sir

N.V Karthikeyan

CA Inter

★ 1K+

2

361

march sti

answered on 20-Jan-25 21:31

but in march shirt term investment is given 200????

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PLs watch full video, go through notes where solution is provided if you have any doubts and then even then if not resolved pls ping here.

Saniya Balekai

CA Inter

★ 285

2

264

op cls

answered on 20-Jan-25 21:14

cl dr of jan is -2600 but op of d=feb is +2600 how?

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Debtors is not -2600 it is + 2600 only in order to compute collections, we took op + sales - closing

Saniya Balekai

CA Inter

★ 285

1

272

Exchange Margin

answered on 20-Jan-25 21:28

Sir Can you explain the Concept of Exchange Margin? In this Sum when the Buyer Cancels the contract, the Banker sells USD at Spot right? The Banker will get 65.96 or 65.8950 when they sell at Spot Market?

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Mostly yes

Mohanbabu N

CA Final

★ 3K+

5

390