(15 marks) businesses. Part C Firms avail of grants to help them survive, grow and create employment - and especially so

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15 Marks Businesses Part C Firms Avail Of Grants To Help Them Survive Grow And Create Employment And Especially So 1 (64 KiB) Viewed 24 times

(15 marks) businesses. Part C Firms avail of grants to help them survive, grow and create employment - and especially so in recent times 1) Explain the different types of grants available (5 Marks) 2) Explain how you would deal with each type of grant (using the accrual model) A document the double entry for each and B include examples (preferably from your place of work) (8 marks) 3) When dealing with grants what requirements have to be disclosed in the financial statements. Include examples of these disclosures (screenshots of relevant notes/policies). (3 marks) 4) Explain the circumstances when a grant may have to be repaid. Document the double entry for the repaying of a grant. (4 marks) Accounting Technicians Ireland 3