BGS College (BGS) sanctioned and paid a grant amount of 2,00,000 for conducting classes for the
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BGS College (BGS) sanctioned and paid a grant amount of ₹ 2,00,000 for conducting classes for the minority students for a period of five years during the 11th Plan of government. The number of classes depends upon the enrolment of students. However, classes are to be run even only a few students are enrolled for the course. Show how grant amount is to be shown as revenue in the books of accounts.
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As the amount of grant received is for conducting the classes over five yearperiod therefore t...View the full answer
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