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Provision

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08 May 2013 wat would be d accounting entry for write back of unwanted provision?
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Anil Sankar V

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Anil Sankar V (Expert)
08 May 2013 just reversal of entry .
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08 May 2013 u mean expense of current year wil be reduced by the amount of reversal.
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Anil Sankar V

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Anil Sankar V (Expert)
09 May 2013 yes sir, it will be reduced
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09 May 2013 but d current year exp wil not reflect correct position
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Anil Sankar V

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Anil Sankar V (Expert)
09 May 2013 change in accounting estimate, of the % in provision
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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)
24 June 2013 Liabilities written off Credited
Various creditors debit

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Liabilities written of Debit
Profit & Loss Crdit
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