Reversal of Impairment of Current Assets: debit or credit?
Reversal of Impairment of Current Assets increases on the credit side and decreases on the debit side: its normal balance is a credit.
Revenue increases equity through the business’s sales and other income. It increases with a credit.
Name in each convention
Account names and codes follow each convention; an account that does not exist in a convention is not offered there.
| Convention | Account |
|---|---|
| United States (US textbooks) | — |
| Spain (PGC 2007) | 794 Reversión del deterioro de créditos por operaciones comerciales |
| France (PCG 2025) | 7817 Reprises sur dépréciations des actifs circulants |
| Germany (generic accounts) | — |