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What is govt grant and how …

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What is govt grant and how is it treated

Posted by Kirtika Achary 5 years, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Khushi Varshney 5 years, 6 months ago

Govt grant means the fund recd. by NPO from the govt. for general or some special cause. *If it is recd. without any special cause or no specific reason is given,then it is trated as income in I&E a/c. *If it is for some special cause then it is treated as a liability on liabilities side of B/s.

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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Posted by Palak Sharma 1 year, 5 months ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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