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The Akshaya Patra Foundation
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Interview questions for Manager/Senior Manager position in NGO
Grant is a sum of money given by the government or an organization for a specific purpose, while subsidy is a financial assistance given by the government to support a particular industry or business.
AS 12 covers the income recognition of a trust.
Grants/donations are recognized as income in the profit and loss account as per AS 12. If the grant is for a spec...
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