What is the Job of CA (Chartered accountant)?
Chartered Accountant is a respectable position in a corporate world and has many duties on his shoulder. Some duties of CA are as follows:
The main responsibility of CA would be to audit the accounts of the business, in this process he checks the expenditure and earning of the business and prepares the balance sheet. The audit is must to know the profit and loss of the company. He is the final authority that verifies the account of the business and gives suitable feedback on it.
Chartered Accountants also functions as a liaison officer between the corporate and government. If a corporate is a semi-governmental, CA prepares its balance sheet and also informs the government department concerned about that audit.
Chartered Accountant is a master in taxation laws and understands each and every peculiarity of tax legislation. He utilizes his understanding and legal provisions to make the company’s income less taxable so that profit should be maximized. There are various laws related to tax in all countries also in India as well, so how to deal with such laws is rests with CA.
Chartered Accountant also functions as a tax-legal adviser to the corporation. He gives his valuable advice to the management of the company when the corporates demand. In Some Cases, After the provider is fighting with a tax lawsuit, CA is the man who assists the corporation to tackle the instance