Provision
This query is : Resolved
Guest
Guest
(Querist)
08 May 2013
wat would be d accounting entry for write back of unwanted provision?
Anil Sankar V
(Expert)
08 May 2013
just reversal of entry .
Guest
Guest
(Querist)
08 May 2013
u mean expense of current year wil be reduced by the amount of reversal.
Anil Sankar V
(Expert)
09 May 2013
yes sir, it will be reduced
Guest
Guest
(Querist)
09 May 2013
but d current year exp wil not reflect correct position
Anil Sankar V
(Expert)
09 May 2013
change in accounting estimate, of the % in provision
Message likes :
1 times
24 June 2013
Liabilities written off Credited
Various creditors debit
NEXT
Liabilities written of Debit
Profit & Loss Crdit
Various creditors debit
NEXT
Liabilities written of Debit
Profit & Loss Crdit
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- EPF ECR NEW FILE SEP 17TH 2026
- Capital Gail Exemption Certificate
- Oct 2025 Invoices
- Import of Software Service.
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Under marginal scheme
- Capitalgain tax purposes for valuation report compulsory
- GST on Renting godown to KFCSC for Storage of Raagi
- GST Audit whether Govt Companies are exempt?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
