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IND AS 20
Financial Reporting
Sir purchase of asset is investing activity right, And grant received is which activity In lecture as per below screenshot it has been shown, Video Details ------------- Ind AS - CA Final Ind AS 20 Government Grants #3. Accounting treatment of Government Grants
Answers (2)
Generally grants are for investment in business, investment in business means purchase of ppe generally hence it's investing, also we can look it like this way generally investing activities are capital in nature hence one more reason to classify it as investing
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