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    Question

    Subsidy provided for working capital requirements by the

    government will be considered as?
    A Capital receipt Correct Answer Incorrect Answer
    B Revenue receipt Correct Answer Incorrect Answer
    C Current Liability Correct Answer Incorrect Answer
    D Long term liability Correct Answer Incorrect Answer
    E Provisions Correct Answer Incorrect Answer

    Solution

    Grants related to working capital are transferred to P&L as per the accounting standards.

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