Education
Research Grant — Industry Partner
Recording a research grant from a pharmaceutical or technology company.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash in Bank | Asset (+) | 80,000.00 | - |
| Deferred Research Revenue (Industry Grant) | Liability (+) | - | 80,000.00 |
💡 Accountant's Note
Industry-funded research grants are deferred as a liability and recognized as revenue when qualifying research expenditure is incurred or milestones are achieved.
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