series 2 will be available from 16th of August till kindly solve this series 1 and RTP Shared above for Sept 24

❇️ CA Foundation Accounts RTP for June 2024 Exam :

By ICAI

Download All RTPs from here
https://tinyurl.com/CA-Found-RTP-June-2024

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              Download Notes
https://tinyurl.com/Foundation-Accounts
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The list of all Foundation Channels At one place

https://www.tg-me.com/addlist/ePhwcTvj27RmYjA9

Automatically Creates folder and arrange. It's easy and convenient.

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🔹CA Foundation Accounts MTP 1 - June 2024 :

📍Question Papers

🕹Download All MTPs at Once Place
https://tinyurl.com/CA-Found-MTP-1-June-2024

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              Download Notes
https://tinyurl.com/Foundation-Accounts
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🔹CA Foundation Accounts MTP 1 - June 2024 :

📍Suggested Answers

🕹Download All MTPs at Once Place
https://tinyurl.com/CA-Found-MTP-1-June-2024

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              Download Notes
https://tinyurl.com/Foundation-Accounts
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❇️ CA Foundation Accounts June 2024 Exam Question Paper

Will Keep Updating June 2024 Exams All Subject Question Papers in @canotes_foundation as per Exam Schedules

Share with ur friends ❤️

All Paper at one place 👇
https://tinyurl.com/CA-Foundation-QP-June-2024

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https://tinyurl.com/Foundation-Accounts
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The Marathon of Success🏃‍♂🏃‍♂

Once upon a time, in a bustling city, there were three aspiring Chartered Accountancy (CA) students: Maya, Rahul, and Aarav. They were all preparing for their final exams, each with their own dreams and aspirations.

Maya was determined to become a successful auditor and make her mark in the corporate world. Rahul dreamed of owning his own accounting firm and providing top-notch financial services to businesses. Aarav wanted to specialize in tax consultancy and help individuals and companies navigate the complex world of taxation.

As the exam date approached, they found themselves buried under a mountain of textbooks, notes, and practice papers. Doubts and fears crept into their minds, but they refused to let negativity hold them back.

One evening, as they were studying together, Maya came up with an idea. "Let's imagine our journey to success as a marathon race," she suggested. "We're all running towards the same goal of becoming CAs, but like in a marathon, there will be challenges and obstacles along the way."

Rahul nodded enthusiastically. "And just like in a marathon, we need to pace ourselves, stay focused, and never lose sight of the finish line," he added.

Aarav smiled. "And most importantly, we need to support each other. In a marathon, runners often encourage each other to keep going, and that's exactly what we should do."

With renewed determination, they continued to study, pushing each other to do their best. They tackled difficult concepts together, shared study tips, and offered words of encouragement whenever one of them felt overwhelmed.

Finally, the day of the exam arrived. As they sat down to tackle the papers, they remembered their marathon analogy. They approached each question with confidence, knowing that they had trained hard and were well-prepared for whatever challenges lay ahead.

Months passed, and the results were announced. Maya, Rahul, and Aarav had all passed with flying colors, achieving their dreams of becoming Chartered Accountants. They hugged each other tightly, knowing that they had crossed the finish line together.

But their journey didn't end there. As they stepped into the professional world, they faced new challenges and obstacles. Yet, they knew that with the same determination, teamwork, and support that had carried them through their exams, they could overcome anything that came their way.

And so, Maya, Rahul, and Aarav embarked on the next phase of their journey, confident in their abilities and ready to conquer whatever challenges lay ahead. For them, success wasn't just about passing exams; it was about facing challenges head-on, never giving up, and always striving to be the best versions of themselves.

📍 For Daily dose of Motivation & More Amazing Exam Tips Join www.tg-me.com/ICAIexamtips On Telegram

Word of the Day

Nikkei 225


Nikkei 225 is Japan's biggest stock market index.

It includes the top 225 companies listed on the Tokyo Stock Exchange.

It is like the S&P 500 in the US and Nifty 50 in India.

Some of the companies included in Nikkei 225 are Toyota, Sony, Mitsubishi, Panasonic, Canon, Yamaha, etc.

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Motivational Journey of Two CA Aspirants 🧑‍💻👨‍💻

Once upon a time in a bustling city, there were two friends named Akash and Navin. They both shared a dream of becoming Chartered Accountants (CAs) and making a mark in the business world. With relentless determination, they embarked on their CA journey together.

As they progressed through their studies, Akash seemed to effortlessly glide through each exam, while Navin faced struggles and setbacks. Despite Navin's best efforts, success seemed elusive, and frustration began to weigh heavily on him.

However, Akash never let Navin falter alone. He stood by his friend's side, offering encouragement and support every step of the way. Together, they faced the challenges head-on, turning every setback into a lesson and every failure into motivation to strive harder.

Finally, the day arrived when Akash received the news he had been eagerly waiting for - he had passed his CA examinations with flying colors. It was a moment of immense joy and pride for both friends. While Akash celebrated his achievement, Navin couldn't help but feel a pang of disappointment at his own inability to clear the exams.

But Akash reminded Navin of their journey together, emphasizing that success was not a destination but a journey filled with ups and downs. He assured Navin that his time would come and that he would always be there to support him.

True to his words, Akash wasted no time in establishing his own successful CA practice. Meanwhile, Navin, undeterred by his past failures, decided to pursue a different path. With sheer grit and determination, he took a leap of faith and started a small business with a loan.

The road was tough, with numerous hurdles and obstacles along the way, but Navin refused to give up. His relentless perseverance paid off as his business began to thrive, gradually expanding its reach and influence.

In a remarkable turn of events, Navin's company flourished to such an extent that it caught the attention of industry veterans, including Ashneer, a seasoned entrepreneur. With his guidance and mentorship, Navin's company soared to new heights, eventually getting listed on both the NSE and BSE.

As Navin basked in the success of his endeavors, he never forgot the unwavering support of his friend, Akash. When Akash reached out to Navin, seeking opportunities to collaborate, Navin welcomed him with open arms, acknowledging the pivotal role Akash had played in his journey.

Together, Akash and Navin forged a partnership that exemplified the true essence of friendship and resilience. They proved that success knows no bounds when fueled by determination, perseverance, and the unwavering support of a friend. And as they embarked on this new chapter together, they knew that their bond would continue to be their greatest asset in conquering new horizons.

📍 For Daily dose of Motivation & More Amazing Exam Tips Join www.tg-me.com/ICAIexamtips On Telegram

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Vote after every 30 minutes till 8th Sep 2024, _Share with friends & family for more votes_ !!.

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💰The funds that almost nobody can invest in.📌

Norway does not have ATMs that give out gold.

It is not famous for selling homes on man-made islands.

It does not come to mind when we think of Rolls-Royce, sky-scrappers, or lavish people.

All of those are associated with Middle Eastern countries – because they have oil.
A less-known fact: Norway has lots of oil too.

Anywhere between 40 and 70% of their exports are oil and gas. But this was not always the case.

Towards the end of the 1950s, Norway was like any other European country.
They were not poor. But they did not produce oil.
And then, they found oil and gas – lots of it.

By the 1970s, they were commercially extracting oil and gas. They began exporting it.
And with that, the money started flowing in.

The Norwegian government had structured their oil and gas exploration in a specific manner.

Licenses were given to private companies to explore and dig.

It was all done in a manner in which the government of Norway would earn profits.

This allowed the Norwegian government to get a new source of income.

Lots of income.
This was a problem.
Yes – a good problem.

They knew that oil and gas would not last forever. Some day, it would finish. They would not be able to earn money from oil forever.

Norwegians did not want to blow away all their money in the present.
They wanted to save it so that future generations of Norwegians would benefit from it.

They set up a fund.
This fund would invest the money – just like a mutual fund.

Thus, in 1990, the government set up the Government Pension Fund. In 1996, money was first deposited into the fund.

Investment💵💴💶💷

Norway’s oil earnings are invested by the Government Pension Fund.
They invest in stocks, bonds, and real estate.

Just like a mutual fund, it has a team that decides where the money will be invested. There is a team that audits the fund.

There is a team that researches new investments, and which holdings to sell off.

And there is a person who heads this – like a fund manager.

But there is one giant difference between a mutual fund and the Government Pension Fund.

Anyone can invest in a mutual fund.
The Government Pension Fund has only one investor – the Government of Norway.

This fund is immensely successful.
Today, it manages assets worth about $1.5 trillion – or $1,500 billion.

This makes the Government Pension Fund the biggest fund of its kind in the world.

To give you some context, India’s biggest mutual fund company (SBI Mutual Fund) manages assets worth $86 billion only.

About 70% of the Government Pension Fund’s money is invested in shares of over 8,500 companies across 70+ countries.

About $22 billion of this fund’s money is invested in India.

Of the $1.5 trillion assets, only about half have come from direct contributions from oil profits.

The rest is the return from investing. The fund is performing well.
Last year, the fund made a gain of $213 billion.

Sovereign Wealth Funds💸

These extra-large mutual funds that serve governments are called Sovereign Wealth Funds (SWFs).

They usually have only one customer – their government.
Norway’s sovereign wealth fund is just one such fund. It is indeed the world’s biggest SWF.

But there are many others like it.
Abu Dhabi Investment Authority is the biggest SWF in the Middle East with holdings of over $800 billion.

China Investment Corporation reportedly has assets over $1.3 trillion.

Kuwait Investment Authority has assets over $900 billion.

Government Investment Corporation (GIC, Singapore) has assets over $700 billion.

There are SWFs based in Saudi Arabia, Hong Kong, Oman, Alaska (USA), Dubai, Turkey, South Korea, and many more.

Norway’s SWF is famous for being incredibly transparent. All details about its holdings are publicly available.

Read more...

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