SUBSIDY RECIEVED
This query is : Resolved
01 April 2010
Dear sir,
I am working in wine manufactoring company. We have recieved a subsidy from Ministry of food processing industry(MOFPI)in our loan account.It is given on the asset or expansion of wineries. I want to know the acconting entry for the same transaction.
waiting for reply
THANKS & REGARDS
I am working in wine manufactoring company. We have recieved a subsidy from Ministry of food processing industry(MOFPI)in our loan account.It is given on the asset or expansion of wineries. I want to know the acconting entry for the same transaction.
waiting for reply
THANKS & REGARDS
01 April 2010
as per AS - 12, entry depend to nature of subsidy so please specify the nature of subsidy you received is it nature of Assets related or contribution
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