accounts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 February 2010
how long can we carry forward the provisions made in the accounts if not utilized during the year
19 February 2010
AT EACH BALANCE SHEET DATE, YOU NEED TO RE-EVALUATE/ CHECK, HOW MUCH PROVISION IS REQUIRED. IN CASE PROVISION IS NO LONGER REQUIRED TO SETTLE A GIVEN LIABLITY IT MAY BE WRITTEN BACK OR IF ADDITIONAL PROVISION IS REQUIRED IT MAY BE CREATED/ PROVIDED.
REGARDS
REGARDS
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