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Change in Accouunting Estimate

This query is : Resolved 

25 July 2008 sirs
our company provided an amount for a particular expenses in the year 2006-07
during the year 2007-08 it is found that amount provided is to be so excessive and the excess amount is quandified
how this amount recognised at the balance sheet date i.e. 31-03-08

26 July 2008 The excess amount provided has to written back as excess provision no longer required.

26 July 2008 is there is special disclosure required for above in notes on accounts




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