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 method |
3.4 |
5.12 |
4 |
5.12 |
|||
|
Sinking Method |
Fund |
3.5 |
5.13 |
5 and 6 |
Page 5.17 |
5.15 |
& |
|
Test your knowledge - Theory question 2(ii) |
5.29 |
||||||
|
Provision Repairs |
for |
8 |
5.26 |
14 |
5.26 |
||
Comments
Recent News :
- Income Tax Department Unveils Revised Form Utility and Schema
- CBDT extends due date for filing Form 10A/10AB upto 30th June, 2024
- ITR-6 Excel Utility for AY 2024-25 is Available For Filing
- ICAI President Clarifies Misinterpretation of Finance Minister's Comments on Chartered Accountants
- T. Rabi Sankar re-appointed as RBI Deputy Governor for one year
- RBI bans Kotak Mahindra Bank from onboarding new online customers
- CBDT Extends PAN-Aadhaar Link Deadline Until 31st May 2024
- Proposed Income Tax Act Amendment Targets MSME Dues Tax Treatment
- Income Tax Department Launches Drive to Clear 0.54 Million Appeals
- Yes Bank Shares Surge on Receipt of Rs 284.21 Crore Tax Refund
CAclubindia
