How do we treat grants that are received in advance of the
period when they are to be spent?
Answers were Sorted based on User's Feedback
Answer / yaris
We record it in our Balance sheet under Liabilities as
Income received inadvance.
Is This Answer Correct ? | 3 Yes | 0 No |
Answer / guest
If there is a timing restriction which amounts to a
precondition for the grant's use then treat the grant as
deferred income otherwise treat them as restricted income
funds during the period of enforced retention or if they
are for a specified purpose..
Is This Answer Correct ? | 2 Yes | 2 No |
Answer / satyaki_raju@yahoo.com
Dear Guest pl ask your parents to name you immediately
Is This Answer Correct ? | 1 Yes | 1 No |
what is the journal entries of a debit/credit notes in the books of seller and purchaser's A/C.
where do you get working capital?
is there any board resolutions in case of a proprietorship firm
expand I C W A I
Dear All, myself B.k Singh graduate with B.Com and PGDBM - Finance, I was worked with Service Company for 6 yrs.Now past 2yrs working with Real Estate,moreover I want to some course short term, plz guide me.
What is discounting accounting and why depriciation of assets are mention in dicounting accounting?
What is contingent liability.
Expand---------EDP
How now about sales tax and purchase tax.what is the persentage of those thing in tamil nadu.
why did rbi hiked repo and reverse ratio and how it will effect the market
what is net worth
what is deferred revenue expenditure?