alleryStart learning →Recognising grants only on receipt conflicts with which assumption?
AGoing concern basis
BMateriality concept
CAccrual accounting
DPrudence concept
Answer & Solution
Correct answer: C. Accrual accounting
Receipts-basis recognition ignores matching of grants with costs, which is contrary to accrual accounting.
Keep practising Ind AS 20 Government Grants and Ind AS 41 Agriculture
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Related questions
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