Exclusion of Annuity Method, Sinking Fund Method and Provision for Repairs from Chapter 5 of Paper 1: Principles and Practice of Accounting Foundation Course
It has been observed that ‘Annuity method’, ‘Sinking Fund Method’ and ‘Provision for Repairs’ given under Chapter 5: ‘Concept and Accounting of Depreciation’ of Study Material of Paper 1: ‘Principles and Practice of Accounting’ at Foundation level are not relevant in the current scenario.
Accordingly, students are advised not to read the following paras and illustrations/questions of the Study Material (for November, 2019 Examination and onwards):
|Sub-Topic||Para Number||Page Number||Illustration number with page
|Sinking Fund Method||3.5||5.13||5 and 6||Page 5.15 & 5.17|
|Test your Knowledge - Theory Question 2(ii)||5.29|
|Provision for Repairs||8||5.26||14||5.26|
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