Grant

This topic has 1 reply, 2 voices, and was last updated 10 years ago by MikeLittle.

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December 22, 2015 at 8:18 am #292468
yinwaithwin
Member
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Dear Sir,
In CF statement Question,
Grant b/d 75
c/d 80
Grant income of 55 has beencredited to opreating expenses during the year.

Pls let me know how to slove this.
December 22, 2015 at 11:57 am #292497
MikeLittle
Keymaster
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“brought forward, income statement, carried forward, cash”

The Grant account will have these amounts in:

Brought forward credit (75)
Income statement debit 55
Carry forward debit 80
Cash credit (60) balancing figure

Ok?
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