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Question - CRONY BERHAD entitle for a government grant of RM1,000 to cover wages for every eligible staff for 6 months starting 1 July 2020. The company need to provide the prove of wages' payment before 5th on the next month and Workers Department will transfer the grant on the 10th. The eligible employees of CRONY are 400 workers and they are paid on 29th every month.

Required - Show the journal entry till 10 August According to Income approach and Deducting approach?

Reference no: EM132956911

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