Ca final audit

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60 easily achievable! :) How was the paper? Can cover post marks from SFM & A/c.
Replies (8)

not so good... except 2 questions......

traditionally SA's constituted 25-30 marks, but this time hardly ten.. 8 marks Qs asked for 4 marks and 5 marks.. 150 marks paper condensed to 120 marks.. Just not fair.

Very lenthy paper but easy
This paper will set benchmark for result of 1st group. Strict check will crash atleast 50 percent students in 1st group. Paper was practical, and conceptual. But unwanted explanation and depth writing will definately give no marks today.
Paper was so easy for those students who have done their inturnship properly. Totally practical base.

what was  negative confirmation in Q 1 D?

and agricultural NPA in Q 5 A?

please explain

Negative confirmation means suppose in audit books balance is 15 lacs whereas in creditor books bal is just 10 lacs. To frame answer if such a situation is faced while Auditing books of accounts.
And agricultural npa means non payment for interest and installment of loan for 2 crop seasons or overdue for one crop season of longer duration.

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