How do we treat grants that are received in advance of the
period when they are to be spent?
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Answer / yaris
We record it in our Balance sheet under Liabilities as
Income received inadvance.
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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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Answer / satyaki_raju@yahoo.com
Dear Guest pl ask your parents to name you immediately
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