Dear Friends
What is the correct way of reversing the entries relating to provisions.
1. whether Reverse the entire provision or
2. Book the respective entries by Dr. provision entries
Ram Mohan N
1 Replies
ashish
(Accountant)
(23 Points)
Replied 04 November 2009
Hi Ram Mohan
You can pass entry as reversal & book the original exp. or reverse the entry by original exp. amt.
Regards
Ashish Bahl
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