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 :
- Rajinikanth Gets Major Tax Relief as CESTAT Quashes Service Tax Order in Property Leasing Dispute
- Income Tax Rules 2026: Financial Institutions Must Report Crypto and Digital Currency Holdings
- ED Arrests Two CAs in Rs 641 Crore Cyber Fraud and Money Laundering Case Under PMLA
- Charitable Trusts Oppose Mandatory Irrevocable Clause for Tax Exemption Registration
- Himachal CM Flags Rising Budget Pressure, Seeks Restoration of Revenue Deficit Grant
- BCAS Flags Concerns Over Finance Bill 2026 Proposals on SGB Taxation, Dividend Rules and TDS Norms
- GST Regime Has Eroded States' Financial Freedom: 7th State Finance Commission Chairman
- New Draft Format for TDS/TCS Book Adjustment: Full Details, Applicability & Compliance Guide
- Fino Payments Bank Clarifies GST Probe, Denies Any Tax Evasion
- Rahul Gandhi Demands Rollback of Tax on Disability Pensions, Seeks Higher ECHS Budget from FM Sitharaman
CAclubindia
