Will 'Excess Provision written back' be a balancesheet item or a P& L item??
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in P&L or B/s?
Replies (2)
you will credit the P&L with the corresponding provision a/c. P&L A/c will be credited and balance of provision will be reduced in the balance sheet.
ashish is right..
and if want the entry then also ask..i'll provide u..
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