alleryStart learning →A grant is recognised only with reasonable assurance of what?
AConditions met and grant receipt
BCash received in the bank
CBoard of directors approval
DA completed statutory audit
Answer & Solution
Correct answer: A. Conditions met and grant receipt
Recognition needs reasonable assurance both that the attached conditions will be met and that the grant will actually be received.
Keep practising Ind AS 20 Government Grants and Ind AS 41 Agriculture
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Related questions
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