in IAS 20 - Accounting for Government Grants by
The Company received a one time payment from Government   under Investment Subsidy for  establishing Capital assets at backward area.  what would be treatment of one time amount received from government.

Please log in or register to answer this question.

1 Answer

0 like 0 dislike
by
A grant relating to assets may be presented in one of two ways:
· As deferred income (and released to profit or loss when related expenditure impacts profit or loss)
· By deducting the grant from the asset’s carrying amount.

Welcome to AccountantAnswer Forum, where you can ask questions and receive answers on Accounting-related questions.

Get AccountantAnswer App

Categories



...