alleryStart learning →Why do income approach supporters reject crediting grants directly to equity?
ANot from shareholders
BEquity is fixed
CTax forbids it
DAudit forbids it
Answer & Solution
Correct answer: A. Not from shareholders
Grants come from a source other than shareholders, so they should go through profit or loss in appropriate periods.
Keep practising Ind AS 20 Government Grants and Ind AS 41 Agriculture
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