How to become a CA?

 

What is CA?

Chartered Accountants are one of the most reputated professionals in India. It’s very tough to get degree. Once you will get it then it offers a great career opportunity, salary, and reputation among people. its demand in the market is keep rising. that is the reason it is one of most popular professional course in the commerce field. To achieve the degree student must show the dedication, hard work and patience during its preparation.  
If you think you are well dedicated, then let you take a look its career guide!

What is Chartered Accountancy:

Chartered Accountancy is a professional course of accounting, auditing, taxation, and financial assessment for an individual or an organisation in the commere field. Chartered Accountant is a kind of degree which is given to an accounting professional who has received certification from a statutory body called ICAI. Chartered Accountancy includes filing tax returns, auditing financial statements and business practices, registration of the business organisation with the government, maintaining records of investments, preparing and reviewing financial reports and documents, etc. A professionally trained Chartered Accountant is also qualified to offer advisory services to clients which include companies and individuals.

The certification of Chartered Accountancy is the prerequisite to professional practice as a CA in India. Becoming a certified Chartered Accountant requires completing three levels of training designed by the Institute of Chartered Accountants of India (ICAI). The ICAI is a statutory body that regulates and maintains the profession of chartered accountancy in India. Under the Scheme of Education and Training, a candidate can pursue a Chartered Accountancy course either through Foundation Course Route or Direct Entry Route. Foundation course is the entry point into the course after Class 12, and the Direct Entry route is for those who have completed Graduation.

 

Chartered Accountancy (CA) Eligibility Criteria:

To pursue Chartered Accountancy course, the candidate has to attend training and clear examinations at various course levels, conducted by the Institute of Chartered Accountants of India (ICAI).

There are three main course levels in the CA course – Foundation, Intermediate and Final.

Eligibility Criteria for CA Foundation:

  • The candidate must have passed Class 12 and completed four months of study period after CA registration to be able to appear for Foundation examination.
  • The candidate needs to register with Board of Studies and complete four months of study period.

CBSE CLASS 12 STUDY MATERIALS

CBSE Revision Notes for Class 12

CBSE Important Questions for Class 12

CBSE Previous Year Question Paper for Class 12

CBSE Sample Paper for Class 12

NCERT Exemplar Question for Class 12

CBSE Maths Formula for Class 12

CBSE Syllabus for Class 12

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FAQs (Frequently Asked Questions)

What degree do you need to become a CA?

CA education requirements include either direct entry or by passing CA foundation entrance exam. Anyone may appear in foundation exam after passing class 12. Those who would like to make direct entry in the intermediate course must have completed graduation with minimum 55% marks. 

How long does it take to start a CA career?

The educational and experience requirements for CA licensure typically take 5 years to complete. .

Are CA jobs in demand?

A CA jobs are highly in demand and its pacakge is more satisfacory when you have good amount of experience. Those who secures an experience of more than 10 years would be paid more than Rs 20 lakhs per annum and above the age of 20 years would be 50-70 lakh per annum. 

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1. Current account shows Rs. 1,000 as overdrawn. When bank statement is received, it was identified that one of debtors has deposited Rs. 400 into the account and bank charges of Rs. 20 had been debited to the account. Bank Statement balance is

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2. A bank reconciliation statement is prepared by

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3. Following details are related to a firm’s banking transactions at 31st March, 2019. Balance as per bank statement Rs. 22,650; uncleared lodgements Rs. 3,110; unpresented cheques Rs. 6,290. Bank credit recorded twice by bank in error as Rs. 650.
Which balance for cash at bank should appear in the Balance Sheet as at 31st March, 2019?

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4. VRC Ltd. receives a check for Rs. 100 records it in cash book and deposits it on the same day. A statement sent by the bank that day does not show this Rs. 100. How is this shown on the bank reconciliation statement?

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5. Unfavourable bank balances means:

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6. Find out the Bank Balance as per Cash Book from the following particulars :
(i) Overdraft as per Pass Book = Rs. 5,000.
(ii) Cheques deposited into the bank but not credited = Rs.2,000

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7. If balance in the bank statement shows Rs. 3,000 (Dr.) and there are deposits of Rs. 800 not yet credited and unpresented cheques totalling Rs. 500, the balance in the Cash Book should be:

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8. A bank reconciliation statement is mainly prepared for:

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9. The cheque which is issued to creditor but is not presented for payment is called?

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10. Overdraft as per Cash Book is Rs. 10,000. Cheques deposited but not credited Rs.2,500. Cheques issued but not encashed Rs.3,500. What is the balance as per Pass Book?

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11. Uncollected checks are also known as?

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12. Bank statement also called?

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13. Cash book balance was Rs. 1,790 (Dr.). When compared with the bank statement, it was identified that unpresented cheques were Rs. 1,040 and deposits not credited were Rs. 820. Balance of the bank statement will

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14. Payment done by the account holder through issuing a cheque is entered in

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15. Bank charges Rs.5,000 debited twice in pass book. What should be done in BRS if overdraft as per cash book is starting point?

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16. Customer’s copy of the account provided by the bank to the depositor to record deposits and withdrawals is called:

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17. A Bank Reconciliation Statement is:

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18. Unfavourable bank balance means

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19. When check is not paid by the bank, it is called?

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20. Passbook is a copy of:

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21. ‘NSF’ marked in cheque sent back by the bank indicates

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22. Pass Book of the account holder is a copy of

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23. A business receives its bank statement showing the closing balance as Rs. 8,500 overdrawn. It is found that there were unpresented cheques amounting to Rs. 2,000 and uncredited deposits amounted to Rs. 1,500. Overdraft as per Cash Book is:

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24. Ravi’s bank reconciliation statement shows cheques deposited but not credited by bank of Rs. 3,800 and cheques issued but not presented by suppliers of Rs. 3,500. His bank balance as per Cash Book is Rs. 25,000. Balance as per pass book statement is

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25. Bank Reconciliation Statement is prepared:

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26. The balance on the debit side of the bank column of cash book indicates?

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