Provision

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Guest (Querist)

08 May 2013 wat would be d accounting entry for write back of unwanted provision?

Anil Sankar V (Expert)
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08 May 2013 just reversal of entry .

Guest

Guest (Querist)

08 May 2013 u mean expense of current year wil be reduced by the amount of reversal.

Anil Sankar V (Expert)
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09 May 2013 yes sir, it will be reduced

Guest

Guest (Querist)

09 May 2013 but d current year exp wil not reflect correct position

Anil Sankar V (Expert)
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09 May 2013 change in accounting estimate, of the % in provision

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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24 June 2013 Liabilities written off Credited
Various creditors debit

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Liabilities written of Debit
Profit & Loss Crdit

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