Revenue grants: these can be presented as a credit in the sopl.
what wd be the double entry for this?
i am assuming that when u get the grant, you will
Dr Bank
Cr Deferred Income
but then how is the credit made to the sopl?
thanks
Ask the Tutor ACCA FR
Govt Grants
Could it be something like:
Dr Deferred Income
Cr Profit or Loss
???
oh... thanks
You're welcome
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