I have a 3 year grant. I originally book over the 3 years but my accountant said it would all have to be recognized in the year it was received. Is this correct.
I have a 3 year grant. I originally book over the 3 years but my accountant said it would all have to be recognized in the year it was received. Is this correct.
Yes that appears to be correct on the limited information you have provided, so you need to make any major expenditures needed in the first year
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