SUBSIDY RECIEVED
This query is : Resolved
shaikh aijaz khalil
(Querist)
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
CA Ashok Kumar Sahu
(Expert)
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
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
- Nursery business
- Tax on Amount transferred in HUF Account
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Intimation under section 245
- ETDS return q4 25-26
- Section 269ST applicability for capital introduced by partner to his partnership firm
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- Working on Gold wastage during Melting of old gold jewellery
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
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
