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Grant from bank

This topic has 3 replies, 2 voices, and was last updated 4 years ago by Stephen Widberg.

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March 5, 2021 at 8:02 pm #613630
aadil1234
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Sir does grant from a bank comes under the scope of IAS-20?
March 6, 2021 at 8:31 am #613699
Stephen Widberg
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Banks don’t give grants unless they want something in return. If the ‘return’ is additional bank charges in the future, then I would think you would treat as deferred income.
March 7, 2021 at 9:59 am #613840
aadil1234
Member
- Topics: 75
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Thank you sir 🙂
March 7, 2021 at 1:38 pm #613853
Stephen Widberg
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🙂
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