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mediumMCQCUET Accountancy 2022 15 July Shift 22026Accountancy
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Identify the treatment of Government Grant received from the government from the following:

  1. A
    Treated as Revenue Income
  2. B
    Treated as capital Income
  3. C
    Treated as deferred Income
  4. D
    Treated as both capital as well as deferred income

Solution & Step-by-step Explanation

Government grants related to specific fixed assets or for setting up a business infrastructure project are long-term in nature and are treated as Capital Receipts / Capital Income.

Practice this question

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Identify the treatment of Government Grant received from the government from the following:
A
Treated as Revenue Income
B
Treated as capital Income
C
Treated as deferred Income
D
Treated as both capital as well as deferred income

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