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Adjustments for previous year provision

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 March 2012 Kindly suggest the current year adjustments towards provisions for expenses...
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
11 March 2012 you can reverse the provision, any excess or shortage in the provision compare to actual expenses it will be treated as prior period expenses
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
31 March 2012 I agree with the expert and he has correctly guided you. Kindly follow his advise.
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