EDUCATION UGC NET
SCHOOL AND CLASSROOM MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Stock Register
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Cash Register
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Acquittance Roll
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Contingent Register
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Detailed explanation-1: -According to the capital approach, the government grants are treated as a part of capital or shareholders’ funds or promoter’s contribution. Such grants are given as a part of the total investment in an enterprise. Furthermore, the government does not expect any repayment in case of such grants.
Detailed explanation-2: -Government Grants Definition: An award of financial assistance in the form of money by the federal government to an eligible grantee with no expectation that the funds will be paid back.
Detailed explanation-3: -See Government grant is the help in the form of money given to NPO organisation to further strengthen its causes. If government grant does not have any specific purpose. It is treated as revenue receipts and recorded in the income and expenditure account as income.