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प्रश्न
State with reason how the following item will be treated while preparing the 'Income and Expenditure Account' and 'Balance Sheet' of a Not-for-Profit Organisation:
Government Grant for the construction of a building.
एका वाक्यात उत्तर
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उत्तर
The Government grant is for some specific purpose. Hence will be shown on the liabilities side of balance sheet only.
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