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Financial Assistance

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(Querist)
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)
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.

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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
25 February 2008 This has already been answered. Please see the resolved queries.
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