How do we treat grants that are received in advance of the
period when they are to be spent?
Answer Posted / 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 |
Post New Answer View All Answers
how will i develop my fears in interviewd?
selling price = shs. 200, variable overhead-selling per unit= shs 80, variable production cost per unit = shs 60, fixed selling cost = 2,840,000. the production capacity of the project is 200,000 units. required P/V ratio, BEP and margin of safety
diffrence between the profit center and business area
what would you contribute for bhels growth
What is the Branch Accountant Responsbilities ?
How will we calculate T1, T2 capital in CRR(Cash Reserve Ratio)?
commisiion recieved journal entry and receipt required
what is the entry for goods sent from one factory to another under inter branch transfer sale of the same compny and what should be the valuation for this purpose?
What is dematerialisation and its benefits?
What type of question generally asked in Brokerage Firm ?
what is cost centre , job costing & Budget control. what is the effect of these.Explain its briefly.
Straight line method to using Indian company names
WHAT WILL BE THE ACCOUNTING ENTRIES IN THE BOOKS IN CASE OF A COMPANY HAVING ITS SHARE CAPITAL WHEN A NEW COMPANY (LTD OR (P) LTD) IS FORMED ?
can anyone provide me the Balance Sheet Items & P & L Items with Accounting Heads with Accounting codes?
Can anybody send me Interview questions & Answers to me IN Accounts & finance my Mail ID - virupaksha_krt@rediffmail.com