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Donations & grants

A/c entries 444 views 3 replies

WIll anyone please tell me why we show donations & grants on the liability side though we do not need to repay them?

Replies (3)
It shall be shown as Deffered Govern Grant as per AS -12.

Thank you so much! Have a great day ahead!!

Same to u dear....have beautyfull day ahed...for U...


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