Government Relief - Accounting treatment

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  • Seun
    New Member
    • Jul 2018
    • 7

    #1

    [Question] Government Relief - Accounting treatment

    Good day

    I would like confirm how I must allocate COVID Relief funds (Government) to be treated in Pastel.
    Would the correct way to allocate it from the bank to a Grant income account?
    I assume this will be Zero Rate VAT?
    This relief was used for the Payroll expense.

    Thanks
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