- This topic has 1 reply, 2 voices, and was last updated 2 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
I appeared on FR7 yesterday. It went well.
I have a small doubt and need your valuable guidance:
Scenario is: ( it was asked in Exam)
A company received a government grant $30000 to give training to students for two years on 01.1.20×3.
On 31.12.20×4, the government cancelled the grant since the company did not comply with the requirement. Now the company has to return to the government.
Grants were accounted for properly ( as deferred income and allocated teh expenses properly)
How do we treat it ?
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.