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 |
||
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