Since long time In CA IPCC as well as in CA Final Institute frequently asking question on CARO, but by point wise it is easy to remember so here below is tips to remember points on CARO.
KEY 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
" 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
Enjoy !!!! Keep visiting for further study tips
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Good article
ReplyDeleteThat was good point to remember. Also i referred this Syllabus Subjects for preparation.
ReplyDelete