Adjustments for previous year provision
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 March 2012
Kindly suggest the current year adjustments towards provisions for expenses...
Awaiting for your reply
Awaiting for your reply
11 March 2012
you can reverse the provision, any excess or shortage in the provision compare to actual expenses it will be treated as prior period expenses
31 March 2012
I agree with the expert and he has correctly guided you. Kindly follow his advise.
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