Govt. grants become -----------because of non fulfillment of the conditions attached to that grant.

Related MCQs

• AS – 7 deals with accounting for Government grants.
• An assets become non-performing when it ceases to generate income for a Bank.
• An assets becomes non performing when it to generate income for bank.
• Banks are to recognize their income on……………… basis in respect of income on non performing asset.
• …………….asset is one which has been classified as non-performing asset for period not exceeding than………….years
• Non-Banking Assets must be shown in the Balance Sheet in scheduled 8.
• Sub-standard assets is one which has been classified as non performing asset for a period not exceeding three years.
• Profit and losses can’t be ascertained because Trading and Profit and loss account can’t be prepared.