Finacial Assistence from Fund
This query is : Resolved
25 February 2008
Financial Assistance in the form of cash
(non -returnable) + agency service from a *government fund to a private company for
office automation ( software installation).
We can account this cash as miscellaneous income in P& L A/c.
How we will account this income in other ways?
How it will b/f in the next fiscal year ?
( *Not from Indian Govt. but from a middle east country ministry)
(non -returnable) + agency service from a *government fund to a private company for
office automation ( software installation).
We can account this cash as miscellaneous income in P& L A/c.
How we will account this income in other ways?
How it will b/f in the next fiscal year ?
( *Not from Indian Govt. but from a middle east country ministry)
25 February 2008
Please clarify how are you treating the office automation in your books.
25 February 2008
stationary exp, Office automation & computer repairs& maint etc are trating as indiect exp in P&L.
How we will account financial assistance ( non returnable) from govt fund.
How we will account financial assistance ( non returnable) from govt fund.
25 February 2008
If you are charging off the automation expenses in P&L, show the amount contributed by the outside agency as recovery thereagainst. The net will be the charge to P & L.
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- TDS on Purchase of Immovable Property by NRI from NRI
- Regarding TDS Applicability For Director Remuneration
- FORM 26A APPLICABILITY
- When TDS on GST applied
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
