Contingent income of grant can be booked or not?
Querist : Anonymous
A XYZ pvt co expects that govt will issue next month a grant of Rs 2500000. Co want to book its income as contingent grant.
please guide me about the treatment of contingent income which is going to be received but sanction letter is not yet received.
Querist : Anonymous
I also know that AS 12 is for Govt grants. but I need solution. AS 12 is not solving my prob
Querist : Anonymous
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