All Leaving Cert Accounting posts
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    repayments of government subsidies Naledi

    what are the accounting entries?

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      i think its the opposite of when you get a grant .you

      Dr deffered income 200000

      Cr Bank 200000

      this time you Dr Bank 50000

      Cr Deffered Income 50000

      since we are going to take some of the money that we have in the deffered income account back to the gvmnt we have to reduce the defferd income amount by cr it and that money will be to the gvmnt this what i think....correct me if wrong

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