Regarding subsidy
This query is : Resolved
01 March 2014
what is the accounting treatment for subsidy received by a pvt.ltd. company in the F.Y. 12-13.
amt - 1,20,00,000/-
01 March 2014
depends on the purpose for which subsidy is received. revenue subsidy shall be credited to profit and loss account.
capital subsidies should be transferred to balancesheet
capital subsidies should be transferred to balancesheet
01 March 2014
for more, please refer http://www.mca.gov.in/Ministry/notification/pdf/AS_12.pdf
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