Answers!
It is indirect income
Explnanation
When we make provision,we book an expense as follows
Expense Dr
To Provision for exp
When we Reverse excess Provision,we Book Inocme as follows
Prov for Exp
To Excess Provision Written off(Income)
Comment
Answer the question...
It is indirect income
Explnanation
When we make provision,we book an expense as follows
Expense Dr
To Provision for exp
When we Reverse excess Provision,we Book Inocme as follows
Prov for Exp
To Excess Provision Written off(Income)
Comment