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Hello
I am doing the books for a playschool
We recently received funds from the Govt which are a subsidy for two specific children at the playschool Those families applied for the subsidy based on their income We, in turn, write them a cheque for that exact amount sent to us by the Govt
Would I enter that money as a liability since we owe it to the parents or as revenue ?
Thanks
B MacDonald
Solved! Go to Solution.
Thanks Leith! I appreciate you answering me. That helped!
B
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