Provision write back


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Querist : Anonymous

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Querist : Anonymous (Querist)
25 January 2016 Hi,

Is provision write back to be disclosed as an extra ordinary item in the financial statements.

26 January 2016 It is not an extraordinary item.

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 January 2016 Sir can you please explain

26 January 2016 Making provision and write back is an ordinary activity will not fall under extraordinary activity. Refer Accounting standard 5.


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