Hire purchase applicable or not

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darshu (Querist)
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26 August 2013 announcement by BOS of ICAI, the Hire Purchase Trading A/c and Hire Purchase Stock and Debtors Methods are deleted from the syllabus of Hire Purchase topic of Group I Accounting paper.IS IT APPLICABLE FOR NOV 2013 EXAM??? thanx in advance

Ganeshbabu K

Ganeshbabu K (Expert)
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26 August 2013 In my opinion

Yes,,applicable...they called for ammendemenet from july practisemanual which will applicable for nov2013 exam

moreover it is said that it is not compliant with Accounting standard

So icai may not ask questions relating to this topic in nov2013