Question about goverment grant

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November 23, 2013 at 5:58 am #147457
massivecodedake
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Hey ,guys. What is the initial accounting treatment of goverment grant when we receive the goverment grant at the first time? THX
November 23, 2013 at 10:36 am #147478
MikeLittle
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Debit cash, credit either TNCA, Deferred Credit Account, or the related expense account (it depends what the grant relates to)
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