27 June 2008
Dear Sir, As you have received Grant for Specific Pupose i.e. VRS Exp.
1.At the time of receipt Bank Dr. To Grant for VRS Exp. 2. At the time of making VRS Exp. VRS Exp. Dr. To Bank 3. At the time of the approval of such Exp. (If there is no provision for such approval you may direct dr. Grant A/c.) Grant for VRS Exp. Dr. To VRS Exp.
Balance of Grant A/c will be shown under Reserves & Surplus
4. If the Company has violated some conditions and has to repay the Grant. Grant for VRS Exp. (By Amt. as per Book) P & L A/c Dr. (By Balancing FIGURE) To Bank
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