ca foundation

Fastrack Batch for CA Foundation Starting From 10th Dec 2025 – Boost Your Exam Preparation! Cracking the CA Foundation exam requires smart study, clarity of concepts, and timely revision. To help students achieve maximum results in minimum time, we are launching our Fastrack Batch for CA Foundation starting from 10th December 2025. This batch is […]

The General Clauses Act, 1897 Question 1.What Is the Object of the General Clauses Act, 1897?Answer:The General Clauses Act, 1897 contains ‘definitions’ of some words and also some general principles of interpretation. This is an Act intends to provide general definitions which shall be applicable to all Central Acts and Regulations where there is no […]

The New Batch for CA Foundation Has Started from 1st Oct 2025 – Limited Seats Available! Enroll Now! Are you ready to take the first step towards your career as a Chartered Accountant? The wait is over! The new batch for CA Foundation 2025 has officially started on 1st October 2025. If you’ve been planning to kickstart […]

Preparation of Financial Statements of Not-for-Profit Organisations Question 1.Write short note on the following:Features of Income and Expenditure Account (June 2019, 5 marks)Answer:Features of Income and Expenditure Account: It follows Nominal Account. All expenses of revenue nature for the particular period are debited to this Account on accrual basis. Similarly, all revenue incomes related to […]

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ca foundation result june 2024​ The CA Foundation result for the June 2024 session was officially released by ICAI on July 29, 2024, late evening, and is accessible online at icai.nic.in, caresults.icai.org, and icaiexam.icai.org. The exams were conducted on June 20, 22, 24, and 26, 2024, and for June 2024, a total of 91,900 candidates […]

Interpretation of Statutes Question 1.Give the difference between interpretation and construction. [MTP-March 18, March 21]Answer:Difference between Interpretation and Construction:More often the two terms are used interchangeably to denote a process adopted by the courts to ascertain the meaning of the legislature from the words with which it is expressed, these two terms have different connotations. […]

The General Clauses Act, 1897 Question 1.What is “Financial Year” under the General Clauses Act, 1897?Answer:Financial Year: As per Sec. 3(21) of the General Clauses Act, 1897, ‘Financial Year’ shall mean the year commencing on the first day of April. The term year has been defined u/s 3 (66) as a year reckoned according to […]

Audit and Auditors Question 1.State the procedure for the following, explaining the relevant provisions of the Companies Act, 2013: Appointment of First Auditor, when the Board of Directors did not appoint the First Auditor within one month from the date of registration of the company.Answer:Procedure for appointment of First Auditor:Sec. 139(6) of the Companies Act, […]

Accounts of Companies Question 1.XYZ Ltd. wants to maintain its books of account on cash basis, is this a valid act of XYZ Ltd?Answer:Maintenance of Books of account: Sec. 128(1) of the Companies Act, 2013 requires every company to prepare books of account and other relevant books and papers and financial statement for every financial […]