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Change in Accouunting Estimate

This query is : Resolved 
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(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
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
26 July 2008 The excess amount provided has to written back as excess provision no longer required.
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joshy k.g.

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joshy k.g. (Querist)
26 July 2008 is there is special disclosure required for above in notes on accounts
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