Dear Frienda,
Does 'Reversal of Income' needs to be approved by Board? If yes then why?
Urgent replies will be highly appreciated.
Regards
Preeti
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Reversal of income
Replies (1)
As a rule it is not required to be approved by the Board. However, in exceptional cases depending upon the quantum involved this can be highlighted in the Board meeting when accounts are approved by the Board.
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