Question

As per AS – 12 an enterprise may get different types of grants from the ________________
Employees
Investors
Government
Society

Answer 1

As per AS – 12 an enterprise may get different types of grants from the government

Explanation:-

As per AS – 12 an enterprise may get different types of grants from the government

The grants received from the government are in various forms such as subsidy, incentives, duty drawbacks among others. AS 12 deals with grants given by government but does not covers:-

i) The accounting for grants which reflect the effect of price changes.

ii) Assistance by the government other than grants like tax exemption, etc.

iii) Participation of government in organisation’s ownership.

Answer 2

Answer:

Government becausegrant are passed by government