Question

What are recurring and non recurring grants?

Answer 1

The difference between recurring and nonrecurring general and administrative expenses can best be understood as the difference between regular, fixed expenses a company expects to have on an ongoing basis as an ordinary cost of doing business versus a one-time, extraordinary expense incurred by a company.

Answer 2

The difference between recurring and non recurring costs is that the recurring expenses are fixed and will keep featuring on a regular basis. No recurring expenses are which are temporary and they come up suddenly and are not a regular feature

Explanation:

• The recurring grants are a fixed grant which  take place on an on going system. These are are shown in the accounts statement of the company as indirect costs and they also feature in the balance sheet of the company.
• The non recurring grants are not a regular feature and they can come up at any time. They are temporary in nature and are there for some time. These costs come up when they are not anticipated and are featured as uncertainty.
• The recurring grants in a company are expenses which are a constant feature in terms of various expenses that are used in running of a system, grant for insurance, taxes, interest and more. The non recurring grants are could be the upgrade fees or the grant needed for merger or acquisition

To know more about recurring grants

Explain non recurring expenses and recurring expenses and its difference

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