Посты канала CA Made with Logic🎓

3 lessons to be learnt from Shivaji Maharaj.

1) Great leadership quality.
2) Visionary thinker
3) Fearless warrior.

Very true 💯

20 lakh subscribers lost in just few seconds(I hope you know well ! whom I am speaking about)

Tum kitne bhi bade mahan insan kyu na ho, ek second mei bhagwan chahe toh upar or else niche gira sakte.

Life is all about Dr(good karma) and credit (bad karma). Jisko jitna milna chahiye voh dr/cr ke hisaab se milta hai.

Untill and unless Dr=Cr nahi hota, we all have to take rebirth.

So ultimate goal of life is to settle your dr=cr.

Don't comment anything on someone's bad time otherwise it will just increase Credit (bad karma) to you only nothing else.

If half apple 🍎 is spoiled it doesn't mean you throw the entire apple.Just take the good part and enjoy your eating.

No-body is perfect in life. Kichad se bhi fasal ugaya ja sakta hai.

Koi sath de na de bs itna yaad rakh loh bhagwan hamesha aapke sath hai.

Today’s quiz.

Local municipality collecting garbage.
Whether it is supply or not?
Support your answer with short reasoning.

Example: Public transport by ship/vessel using river.
Taxable or Exempt?

Tramway for transportation of passengers.

Taxable or Exempt?

This Shopkeeper is selling rethreaded tyres after rethreading.

Is selling of rethreaded tyres, supply of goods or service.

CA Made with Logic🎓 pinned «Standard on auditing should be read as a Law and Provision. But reality how students are dealing with audit subject is totally opposite. Eg : If I ask you a question what is the reporting requirement of fraud. Think 🤔 what answer you will write is about…»

Standard on auditing should be read as a Law and Provision.

But reality how students are dealing with audit subject is totally opposite.

Eg : If I ask you a question what is the reporting requirement of fraud.

Think 🤔 what answer you will write is about SA 240 reference alone.

But what the ICAI suggested answer expects students to write is SA 240 reference + Para 3 clause 11 reference + Sec 143(12) of Company Act,2013 reference.

To make SAs feel easy there are major 5 category of question you have to deal with.

1) Audit procedure(RAP+ FAP). For few procedure requirement you have to exactly match the flow with the pronouncements.

2) Examples/Circumstances/factors related QAs.

3) Reporting requirements.

4) Possibility case type of questions : eg SA 501(inventory)

5) Drafting (EOM/KAM/material uncertainty related to GC/ opinion/ format.

Change your way of looking 👀 this subject. Correct ✅ approach to deal with audit subject will only make you score good marks.

These 5 major questions has to be covered in every SAs in-depth. 90% paper setter think to test from these areas.

CA Final Audit newly added questions in study material will be shared by tomorrow.