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 number |
|
|---|---|---|---|---|
| Annuity Menthod | 3.4 | 5.12 | 4 | 5.12 |
| 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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