CA Made with Logic🎓

01 May 2024 08:39

Company Audit important concepts may 24 🔥

1.Resignation of auditor, 2.Removal of auditor
3.Disqualifications u/s 141(3) all points focus.
4.First Auditor both govt and non govt co, Casual Vacancy both govt and non govt co
5.Reporting on frauds
6.Cost Audit (MCQs focus)
7.Sec 144 - purely direct Question if tested.
8. Sec 143(1) Duties regarding inquiry (imp).
9. Power of NCLT to change auditor MCQ focus.

Rest other things see once if time permits.

CA Made with Logic🎓

30 Apr 2024 11:09

Management and administration important sections may 24 🔥

Notice.
Voting (especially postal ballot)
Quorum (very imp)
Resolutions
Proxies
Annual Return (very imp).
Minutes - who can sign under what circumstances.
Register of members.
AGM, EGM.

CA Made with Logic🎓

30 Apr 2024 05:48

Share capital Important sections may 24 🔥

Alteration of Share Capital. Equity shares with differential rights.(Just see once).
Reduction of Share Capital Securities Premium, Discount
Buy-back
Sweat equity shares
Bonus Issue
Refusal to register transfer
Sec - 67 Financial Assistance.

CA Made with Logic🎓

29 Apr 2024 16:25

Important Exemption concepts may 24 🔥

GTA (Just refer once).
Service by recognised sport body.
Charitable and religious service important.
Admission (only MCQ)Just see once or ignore.
Construction service (only MCQ).Just see once or ignore.
Legal service very important link with RCM, can ask in ITC mix question.
Security service important link with RCM, can ask in ITC mix question.
Sponsorship service. Just see once or ignore.
Agriculture service (imp).Jan 21 asked.
Health care service (imp).
Education (Imp).
Govt (imp).

Crux : Govt, health, charitable,legal, education these are frequently tested. Cover it as first priority then if time permits refer others.

CA Made with Logic🎓

28 Apr 2024 15:40

What else Important things in any subject are you expecting do comment.

CA Made with Logic🎓

27 Apr 2024 18:40

As 2,13,10,15,11,16,20,28,22,17.

All these small AS MCQs are expected, so prepare small important points focus on these AS.

CA Made with Logic🎓

27 Apr 2024 12:04

Important co law definition may 24 🔥

Financial year.
Foreign company.
Free reserves.
Public financial institution
Net worth vvv important for CSR.
Govt co.
Small co.
Private company.
Officer in default (just see once).

CA Made with Logic🎓

26 Apr 2024 10:45

Ethics chapter important concepts for may 24 exam

1.Independence of mind &
appearance. (Vvvv important)

2.Types of Threats to Independence Ethics. (Case based MCQs can be expected) Understand all the points properly.

3.Threats to independence
and the safeguards
available.

4. Integrity Issue - False
Information Provided.

5. Ethics Self Interest Threat -
Undue Depedence.

CA Made with Logic🎓

24 Apr 2024 14:47

Feeling anxiety no worries. Prepare and give your best.Dont focus on result while you are batting.

Keep playing the game 🎯 decide your result in last over(ICAI notification on result date announcement).

CA Made with Logic🎓

23 Apr 2024 06:03

Happy Hanuman Jayanti ❤️

Bolo Shree Siya pati Ramchandra ki.... jai.

Sakat Mochan jai Hanuman.

CA Made with Logic🎓

20 Apr 2024 10:43

GST Imp chapter for May 24

1. ITC + exemption + charge - 10 marks
2. Place of supply - 2-4 marks( Focus QA more).
3. Accounts & records - 2-3 marks ( MCQ or QA).
4. Tds & Tcs - 2 marks ( MCQ or QA).
5. TOS - mcq or Case scenario
6. Registration & Tax invoice - 4-5 marks
7. VOS - 4-5 marks.(QA).

CA Made with Logic🎓

19 Apr 2024 10:15

Do cast your vote. It's time for change.

You have only rights(eg : No proper road, water facility etc) to raise your voice if you discharge your duty(Vote).

I believe on this philosophy discharge your duty first to get your rights.

Next election will be on 2029 and by that time you all 3185 group members will surely become Chartered Accountant.

It's not about you or me it's about our next generation.

By 2029 either India will be postioning on top or it will be worst - It all depends on your choice that is today's vote.

CA Made with Logic🎓

17 Apr 2024 10:54

Important concepts may 24 exam 🔥

1.Transfer of asset to spouse for no consideration/
inadequate consideration.

2.Transfer of income without transfer of asset

3.Income of minor child ( vv imp). Focus whether income on income is clubbed or only income is clubbed. If it was earned by talent then it is not clubbed focus point for QA.

4.Cross transfers (Focus on SM Question).

5.Salary from entity where spouse has substantial interest. (Vv imp). (Read carefully definitely of substantial interest and Professional qualification point).

6.Clubbing happen on that parent whose total income is greater before taking clubbing into consideration. ( Vvv imp).

CA Made with Logic🎓

15 Apr 2024 16:38

https://youtu.be/SFICxjIg6lI?si=i2sYWK407a_jPzeG

CA Made with Logic🎓

15 Apr 2024 09:02

Cover basics concepts along with IFOS.

CA Made with Logic🎓

30 Apr 2024 17:45

Share capital, co audit, management and administration has nearly weightage of minimum 20 marks.

CA Made with Logic🎓

30 Apr 2024 08:27

Lots of students get confused between these 4 terms.

Substantive analytical procedure, analytical procedure, Test of control and test of detail.

Do explain in simple terms and how each one is related to each other.

You can give example. Do comment and let me know let us see how much conceptual understanding you have in audit.

CA Made with Logic🎓

29 Apr 2024 16:30

Focus points.

CA Made with Logic🎓

28 Apr 2024 16:32

Ok lots of students have demanding for audit important concepts. I will give all important SA concepts on 10th may exams is due on 15th may and you have approx 3-3.5 days holiday for audit.

Special entity important concepts : /channel/camadewithlogic/6854

Ethics chapter : /channel/camadewithlogic/6853

SA 220+SQC -1 : /channel/camadewithlogic/6818

CA Made with Logic🎓

28 Apr 2024 05:01

Start your accounts preparation 📚📖. It's very important to score 60+ in first exam it can boost your confidence and helps you in aggregate.

Mostly MCQs will be framed from study material QA or test your knowledge. So cover everything don't skip anything.

CA Made with Logic🎓

27 Apr 2024 16:06

Investment, buy back, amalgamation, internal reconstruction, consolidation are very important chapters.

I can understand how big accounts is after merger of advance accounts of old syllabus.

But surely paper will be easy no need to worry.

CA Made with Logic🎓

26 Apr 2024 10:50

Audit of different entities important may 24 🔥 🔥

NGO, club (vvv imp), either club or NGO one is expected as per our analysis, hospital, education(imp).

Partnership not yet tested since past 3-4 attempts.

Asset on Hire purchase - very easy. Just go through once.

CA Made with Logic🎓

24 Apr 2024 14:59

September/Jan attempt CA Inter and foundation.

CA Made with Logic🎓

23 Apr 2024 17:23

GST Newly added chapter - May 24 onwards
https://www.youtube.com/playlist?list=PLpsfUEGH83atxAYunUVmIp9EjryKEKSyn

CA Made with Logic🎓

21 Apr 2024 05:08

Happy Mahavir Jayanti ❤️.

Bolo Shree Adinath bhagwan ki Jai.

Satya Ahinsa parmo Dharma ki Jai.

CA Made with Logic🎓

19 Apr 2024 10:24

Don't focus on character of this clip.

I have discharged my duty - Exact 17 minutes it took.

Few people will be thinking how it is going to impact individual life whether they caste vote or not.

Let me tell you we all have read about SA 250 : Consideration of Non Compliance of laws and regulations.

Auditor have to consider both direct/ indirect impact of such Non compliance of laws and regulations related to financial statement in his audit report.

Same way it applies over here.

Remember those COVID times who played major role(Govt) to save lives of millions of people.

This is how it has indirectly impacted individual.

CA Made with Logic🎓

17 Apr 2024 13:26

📣 Admit Card for May 24 Exams

Access through this Direct link

CA Final
https://eservices.icai.org/EForms/configuredHtml/1666/71730/login.html

CA Inter
https://eservices.icai.org//EForms/configuredHtml/1666/71729/login.html

CA Made with Logic🎓

16 Apr 2024 18:21

Sorry guys couldn't able to give target for income tax. Tomorrow residential status and clubbing we will finish it off.

CA Made with Logic🎓

15 Apr 2024 11:17

Do you know what is the power of education.

Just few days before Tamil Nadu CM son came to our area. Lots of people gathered and obviously they gathered not to hear the promises or see that fellow person infact they were paid Rupees 500-1000/person + food were distributed.

Now why I am saying this to you..!?

I just observe the crowd almost everyone gathered belongs from poor low background family. Who don't even have proper meal for a day (It's means education for their children is far away from their thinking).

Example : 1 Now just think, if a child (boy/girl) from that poor family get educated and start earning a decent salary of 40,000-60,000 pm do you still think 🤔 will any member of that (boy/girl) family will gather for that 500-1000 rupees.

Example : 2 Now you are a student so you might thinking to participate in rally and get that paid amount but once you become CA will you go and stand for any rally in politics.

Definitely not because education gives you status and you will not going to spoil your status for that 500-1000 rupees.

That time I deeply felt from my heart ➡️Education has power to change the world 🌍.

➡️If India wants to be corruption free education is the only way through which we can achieve.

➡️Education gives you Independence(Not depending on govt or someone for food or something).

➡️Feel Gratitude right now how lucky we all are that our parents/God have given a great gift (education)🎁. Don't waste this opportunity it can change something's life.

➡️Padhega India tabhi aage badhega India 🇮🇳.

#jeetengehumhi

CA Made with Logic🎓

15 Apr 2024 08:59

Important Concepts of IFOS 🔥🔥

1.Gift (S. 56(2)(x), S. 56(2)(viib)

2.Deemed Dividend last point.

3.Interest on compensation.

4.Proceeds from life insurance policy (S. 10(10D) ( vvvv important) MCQ focus.