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Sunday, 18 May 2014

CARO Reporting easy learning for Ca students


Guys the CARO reporting requirements.. Easier way to remember.. " IF CCD IS FILLED GRAB SPECIAL (SPL) TEA (T)" I - INVETORIES F - FIXED ASSETS C - COST ACCUNTING RECORDS C - CHIT FUNDS D - DEPOSIT I - INTERNAL CONTROL S - STATUTARY DUES F - FRAUD I - INTERNAL AUDIT L - LOAN TO/FROM DIRECTORS L - LOAN AGAINST SECURITIES E - END USE OF ISSUE PROCEED D - COMPANY DEALING IN SECURITIES G- GUARENTEE GIVEN R - REPAYMENT OF DUES A - APPLICATION OF FUNDS B - END USE OF BORROWING S - SECURITIES FOR DEBENTURES ISSED P - PREFERNTIAL ALLOTMENT L - LOSS MAKING COMPANY T - TRANSACTION COVERED U/S 301 Do make frequent application of the same in audit exam.. Will fetch better marks..


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