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Revenue grants |
See Also
Select from the following headings:
Background | Developing the schedule | Completing the Schedule | Standard Sub-Schedules | Carry Forward | Related Errors
This schedule allows any row on an expense analysis schedule to be analysed as revenue grants amortised to income. The schedule provides a balance sheet analysis of the grant receivable and received in advance.
The long accounting period version is identical.
This schedule can be developed from any expense analysis schedule developed from the D schedule, using the Develop menu and Other.
The schedule requires details of the grant receivable and received to be entered. The amount credited to P/L is taken automatically from the parent expense analysis schedule. The amount received is treated as taxable on schedule A and is shown in the Net movement cell.
Investment companies
The investment company version treats the amount received as Miscellaneous income and gains.
The schedule has no standard sub-schedules.
On carry forward, the balance due is automatically carried forward to the schedule for the later year.
© 2009 Thomson Reuters.