Section 9(9) in The National Commission for Minority Educational Institutions (Annual Statement of Accounts) Rules, 2006
9.1Government Grants and UGC grants are accounted on realization basis. However, where a sanction for release of grant pertaining to the financial year is received before 31St March and the grant is actually received in the next financial year, the grant is accounted on accrual basis and an equal amount is shown as recoverable from the Granter.
