Change in Accouunting Estimate
This query is : Resolved
joshy k.g.
(Querist)
25 July 2008
sirs
our company provided an amount for a particular expenses in the year 2006-07
during the year 2007-08 it is found that amount provided is to be so excessive and the excess amount is quandified
how this amount recognised at the balance sheet date i.e. 31-03-08
our company provided an amount for a particular expenses in the year 2006-07
during the year 2007-08 it is found that amount provided is to be so excessive and the excess amount is quandified
how this amount recognised at the balance sheet date i.e. 31-03-08
S.Srinivasaraghavan
(Expert)
26 July 2008
The excess amount provided has to written back as excess provision no longer required.
joshy k.g.
(Querist)
26 July 2008
is there is special disclosure required for above in notes on accounts
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