- This topic has 3 replies, 2 voices, and was last updated 8 years ago by
.
Viewing 4 posts - 1 through 4 (of 4 total)
- Posts
Sir , what might be the treatment of a grant is repayable ? i know normally grants are not repayable and treated as deferred income
Treatment depends upon the probability of repayment. If it’s possible but not probable then it’s treated as a contingent liability and disclosed by way of note
If it’s probable (>50% probability) then it’s provided for and recognised as a liability
Viewing 4 posts - 1 through 4 (of 4 total)
- You must be logged in to reply to this topic.