Recognition of government grants requires reasonable certainty of compliance and receipt; disclose in income computation accordingly. Under ICDS VII, government grants are to be recognized when there is reasonable certainty that the related conditions will be complied with and that the ... Summary
Recognition of government grants requires reasonable certainty of compliance and receipt; disclose in income computation accordingly.
Under ICDS VII, government grants are to be recognized when there is reasonable certainty that the related conditions will be complied with and that the grants will be received; such grants should not be postponed beyond the actual receipt date for income computation and disclosure purposes.
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