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 |
legal accounting methods to reduce profit of a partnership firm so as to reduce the tax liability?
Can you tell me the closing stock entry?
21 Answers Alpha, Cyber Matrix, Satyam,
What is Waybill? from where we will get waybill? what is the procedure of waybill? if we want to transfer a stock from Hyderabad branch to gurgaon branch with in same company what all procedure we have to follow?
13 Answers ABC, Professional Care,
Expand M A F F
What is the procedure to become charted accountant in India now. Please answer this is urgent
EXPAND___________JPC
A company disposed its old asset at rate lesser than its wdv Then how it will recorede and under what account group
i have need full detail of tds rules and forms submitted dovetails
what is capital expenditure
Generally which method companies follow in stores? Like (FIFO,LIFO,Simple AVG,Weight AVG...)
I need all WNS interview questions
what is shadow balance?
1 Answers BOB Technologies, Reliance,