Hi
If a company received Grant from another company (not a Govt, grant) for purchase of a specific fixed asset
how the accounting should be done
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Accountng for grants
Replies (3)
please read
AS 12. Accounting Treatment of Government Grants
please read the attached file for non govt funding / grants
So, according to this non govt. grant received towards specific fixed asset can be taken as income during the FY
correct ??
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