Menu
Provision account treatment
You provisioned some amount for the financial year 2022-2023 how ever now we got excess amount invoice so what treatment of account
Replies (2)
Segregate the provision value and excess value. Post the excess value in current year expenditure account...
Either you reverse the provision in current year and record it at actual value in current year, or record only the excess in current year
Recent Topic
- GTA Annexure V Non Compliance
- Calculation of Demand due to interest u/s 220(2)
- Legal profession business code in section 44ADA
- Whether Indexed Capital Loss Can Be Claimed Under
- Form 145 and 146 Foreign Remittance in Excel Forma
- E invoice missed out/not generated for FY2025-26
- Can a broker's software legally override actual po
- Startup exit in Sept 2025: Can I still save LTCG t
- Need advice
- GST registration
Related Topics
CAclubindia
