Accounting entry
This query is : Resolved
Dheeraj Kaushik
(Querist)
13 August 2013
Dear Sir,
My company receive capital subsidy from central govt. i.e. SIDBI directly to our bank account in the form of FDR which will be credit in our cc account after period of three year as per govt. instruction.
what accounting entry to be made in books as on date
My company receive capital subsidy from central govt. i.e. SIDBI directly to our bank account in the form of FDR which will be credit in our cc account after period of three year as per govt. instruction.
what accounting entry to be made in books as on date
CA UMESH DULAL
(Expert)
13 August 2013
If it is a nature of revenue receipt, it should be treated as revenue
if it is in the nature of capital receipt,
you may deducted the amount form cost of assets
if it is in the nature of capital receipt,
you may deducted the amount form cost of assets
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