The topics covered in Business Laws and Business Correspondence and Reporting at the CA Foundation Level
Part 1: Business Laws: Introduction and Basic chapters of
- The Indian Contract Act, 1972
- The Sale of Goods Act, 1930
- The Indian Partnership Act, 1932
- The Limited Liability Partnership Act, 2008
- The Companies Act, 2013
Part 2: Business Correspondence and Reporting
- Communication
- Sentence types and Word Power
- Comprehension passages and note making
- Developing writing skills
Best approach to study Business Laws and Business Correspondence and Reporting
- Solve all the model Questions and Questions given in RTP by ICAI Read the Newspaper every day and note down meanings of few words which you do not understand
- Students who have studied in English medium tend to ignore Business Correspondence and Reporting, which is not a right thing. Give good weightage to this paper as well
- Those who have studied regional languages only need not worry. It is easy to learn basics and you also have law to score
- One of the good strategies to remember Business laws is remembering practical example(situation) related to a section
- In Business Correspondence and Reporting, strictly follow the formats where-ever prescribed by ICAI.