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IND AS -20

Financial Reporting

Sir In case of govt has given a grant of 20 lakhs on the condition that entity will spend amount to Research for an item over the next two years Is it a grant related to asset or grant relating to expense? Please clarify sir


Thanusha Lakshmi

Thanusha Lakshmi

CA Final

3K+

08-Feb-23 01:43

204

Answers (2)

Best Answer

(Updated)

Grant related to Expense. Termed as grant related to revenue items.


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

08-Feb-23 09:22

CA Suraj Lakhotia Admin

(Updated)

Grant related to Expense. Termed as grant related to revenue items.

Thank you sir


Thread Starter

Thanusha Lakshmi

Thanusha Lakshmi

CA Final

3K+

08-Feb-23 10:13

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