Non-Profit
Government Grant Received Upfront (Full Amount)
Receiving a full-year government grant in a single disbursement at the start of the grant period.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash in Bank | Asset (+) | 120,000.00 | - |
| Deferred Grant Revenue (Government) | Liability (+) | - | 120,000.00 |
💡 Accountant's Note
An upfront government grant is deferred as a liability until conditions are met and expenses are incurred. Revenue is recognized as qualifying project expenditure occurs.
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