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How to recognize a reversal of a debtor impairment? What should be the entries in this regard?
in IAS 36 - Impairment of Assets by
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1 Answer

–1 vote
You should have recognized the impairment loss in the income statement and in the balance sheet as follows:

Dr Impairment loss (income statement)
  Cr Asset (Balance sheet)

Now you have to reverse the provision & recognize an income

Dr Asset (Balance sheet)
  Cr Other income (income statement)

Hope it is clear to you now
edited by