what are the accounting entries?
i think its the opposite of when you get a grant .you
Dr deffered income 200000
Cr Bank 200000
this time you Dr Bank 50000
Cr Deffered Income 50000
since we are going to take some of the money that we have in the deffered income account back to the gvmnt we have to reduce the defferd income amount by cr it and that money will be to the gvmnt this what i think....correct me if wrong