As - 12
This query is : Resolved
Dipul mehta
(Querist)
22 July 2014
dear sir,
we are eligible to receive electricity duty subsidy from west Bengal govt.what we account for as per AS - 12, in our a/cs as on 31.03.2014. yet we are not receive cheque from govt.... can we take it as current asset in the 2013-14 balance sheet....???? plz suggest
we are eligible to receive electricity duty subsidy from west Bengal govt.what we account for as per AS - 12, in our a/cs as on 31.03.2014. yet we are not receive cheque from govt.... can we take it as current asset in the 2013-14 balance sheet....???? plz suggest
22 July 2014
no unless u rec both the sanction letter and the amount u must not mention it in ur book ratehr just provide it in notes to accounts.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reward for festival
- 18% Rent a cab
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Movement of goods by packers and movers - type of sale - Reg.
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Closer of business and itc of capital goods
- TDS Return Statement Status
- Appointment of Auditor By Form ADT-1
- RCM and same line
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
