Financial Assistance
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)
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.
(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.
S.Srinivasaraghavan
(Expert)
25 February 2008
This has already been answered. Please see the resolved queries.
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
- GSTR9 Annual Return
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Ito add credit side of bank
- Employee secondment
- Applicability of tax on invoice
- Import of Capital Machine
- LLP audit and disclosure
- Capital gain on commercial property and investment in residential property
- Gift to nri relatives resides in usa
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
