How do we treat grants that are received in advance of the period when they ar

How do we treat grants that are received in advance of the
period when they are to be spent?

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How do we treat grants that are received in advance of the period when they are to be spent?..

Answer / yaris

We record it in our Balance sheet under Liabilities as
Income received inadvance.

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How do we treat grants that are received in advance of the period when they are to be spent?..

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..

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2 No

How do we treat grants that are received in advance of the period when they are to be spent?..

Answer / satyaki_raju@yahoo.com

Dear Guest pl ask your parents to name you immediately

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