(a) Capital Grant: Usually received for capital expenditure, ie., for creation of fixed assets, like purchase of land/building/equipment or providing infrastructure etc. The benefits of such expenditure are of an enduring nature and spread over an extended period of time.
(b) Revenue grant: Generally received for meeting recurring expenditure, the benefits of which usually expire within the accounting year in which it is incurred.
(a) General grants are for non specific purpose.
(b) Specific grants are meant for carrying out specific projects/schemes or meeting specific expenditure.
Section 58 • The Andhra Pradesh Municipalities (Preparation of Accounts) Rules, 2017
58. Government grants.
the-andhra-pradesh-municipalities-preparation-of-accounts-rules-2017-sec-58.json
•
Section 58
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