Business Organizations | Business and Commercial Knowledge (Old Scheme) - CA Foundation PDF Download

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FAQs on Business Organizations - Business and Commercial Knowledge (Old Scheme) - CA Foundation

1. What is CA Foundation?
Ans. CA Foundation is an entry-level examination conducted by the Institute of Chartered Accountants of India (ICAI) for students who wish to pursue a career in Chartered Accountancy. It is the first level of the CA course and consists of four subjects.
2. How can I apply for the CA Foundation exam?
Ans. To apply for the CA Foundation exam, you need to visit the official website of ICAI and register as a student. After registration, you can fill the exam application form online and submit the required documents and fees. The application process is generally open for a specific period, so it is important to check the official website for updates.
3. What are the subjects included in the CA Foundation exam?
Ans. The CA Foundation exam consists of four subjects: Principles and Practices of Accounting, Business Law and Business Correspondence and Reporting, Business Mathematics and Logical Reasoning, and Business Economics and Business and Commercial Knowledge. Each subject carries a specific weightage and has its own syllabus.
4. How can I prepare for the CA Foundation exam effectively?
Ans. Effective preparation for the CA Foundation exam requires a structured study plan, regular practice, and proper time management. It is important to thoroughly understand the concepts, practice solving questions from previous years' papers, and take mock tests to assess your preparation level. Additionally, joining coaching classes or online courses can also be beneficial for guidance and expert support.
5. What is the passing criteria for the CA Foundation exam?
Ans. To pass the CA Foundation exam, a candidate needs to obtain a minimum of 40% marks in each subject and a minimum of 50% marks in aggregate of all the subjects. Additionally, there is also a provision for exemption in individual subjects if a candidate scores 60% or more marks in that subject but fails to clear the exam as a whole.
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