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Governemnet Grant Received this year - 950,000
Government grants relate to revenue expenditure of which one third has been incurred during the current year. The remainder will be incurred equally during the next two years.
Could you please explain how this should be shown in income statement and balance sheet please.
Government grants relate to revenue expenditure of which one third has been incurred during the current year. The remainder will be incurred equally during the next two years.
Could you please explain how this should be shown in income statement and balance sheet please.