Reversal of accumulated accrued interest income
This query is : Resolved
CA K.Srividhya
(Querist)
31 May 2018
Accrued interest income has been accumulated over the years. During the current year I need to reverse all prior year accumulations. Where should I disclose such reversal in financial statement? Whether it will constitute as a prior period item or an exceptional item? What are the disclosure requirements?
Regards.
Regards.
Nikhil Kaushik
(Expert)
01 June 2018
why you want to reverse it? any specific reason?
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