• Register
Search Questions / Answers

Welcome to AccountantAnswer Forum, where you can ask questions and receive answers. Although you need not be a member to ask questions or provide answers, we invite you to register an account and be a member of our community for mutual help. You can register with your email or with facebook login few seconds

Get AccountantAnswer App

Investment subsidy

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.

asked Jun 28 in IAS 20 - Accounting for Government Grants by Durgesh

1 Answer

0 votes
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.
answered Jun 28 by Sithie