newindianaccountingstandards blogspot.com

INDIAN ACCOUNTING STANDARDS

Ind AS 20 on Accounting for Government Grants and Disclosure of Government Assistance and AS 12 on Accounting for Government Grants. Ind AS 20 deals with the other forms of government assistance which do not fall within the definition of government grants. It requires that an indication of other forms of government assistance from which the entity has directly benefited should be disclosed in the financial statements. However, AS 12 does not deal with such government assistance. In Ind AS 10, material no.
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INDIAN ACCOUNTING STANDARDS

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Ind AS 20 on Accounting for Government Grants and Disclosure of Government Assistance and AS 12 on Accounting for Government Grants. Ind AS 20 deals with the other forms of government assistance which do not fall within the definition of government grants. It requires that an indication of other forms of government assistance from which the entity has directly benefited should be disclosed in the financial statements. However, AS 12 does not deal with such government assistance. In Ind AS 10, material no.

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This web page newindianaccountingstandards.blogspot.com states the following, "Ind AS 20 on Accounting for Government Grants and Disclosure of Government Assistance and AS 12 on Accounting for Government Grants." We saw that the webpage said " Ind AS 20 deals with the other forms of government assistance which do not fall within the definition of government grants." It also said " It requires that an indication of other forms of government assistance from which the entity has directly benefited should be disclosed in the financial statements. However, AS 12 does not deal with such government assistance. In Ind AS 10, material no."

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