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General Accounting Discussions: Recoveries or reversal of expenses

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    How should we book recoveries or reversal of expenses; can we charge it to their originating operating expense account or are they booked as "other income" after operating income or EBITDA.

    Example of recoveries to operating expenses: recovery or short-pay of A/P, reversal of a accrued expenses.

    Example of recoveries of non-operating expenses: forgiveness of loans, tax refunds.

    How about legal contingency provisions for employee suits or royalties unpaid to an author...etc.
    Thankful People: Tobi, richard fernandez
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    how to get the aswer on this question?

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