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Question · Costs already incurred

Last year, Hérault expensed EUR 85,000 of restoration costs after an incident. On 15 March, the government notifies it of a grant of 85,000 compensating these costs, receivable on notification (the conditions are met). Record the entry for the current year.

Grant notified
85,000
Your answer
  1. Line 1

    Account Grant receivable

  2. Line 2

    Account Grant income

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