Capital subsidy received on plant & machinery
This query is : Resolved
26 August 2016
We received Capital Subsidy on Purchase of Plant & Machinery from Govt. by Cheque.
My Question is that,
What will be Journal Entry of this Transection.
My Question is that,
What will be Journal Entry of this Transection.
26 August 2016
debit bank
credit subsidy for plant and machinery
credit subsidy for plant and machinery
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