BICA Qualification Practice Questions - BICA Botswana Chartered Accountancy Qualification Exam

Either as deferred income amortized to profit or loss over the useful life of the asset, or by deducting the grant from the carrying amount of the asset Directly in retained earnings as an equity contribution in the period the cash grant is received Immediately in profit or loss as other operating income in full upon receipt of the grant funds In other comprehensive income as a permanent revaluation reserve that is never reclassified to profit or loss