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About Subsidy A/c

pramod jayram raut (Accountant) (94 Points)

01 February 2020

Sir,
Subsidy A/c wheter become capital receipt or revenue receipt?

I am working in A govt Corporation under social welfare dept, then various scheme under loan scheme subsidy disburse, but which head under take subsidy acct.?

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6 Replies

RAJA P M ("Do the Right Thing...!!!") (127142 Points)
Replied 01 February 2020

Which nature You received subsidy...?

Generally it's accounted as which is loan taken : ie; If machinery loan then subsidy will less in the machinery account...

pramod jayram raut (Accountant) (94 Points)
Replied 01 February 2020

Sir,
i'm working as a accountant in govt corporation, in our dept disburse various scheme loan for s.c. community. when i write accounting that time loan subsidy which under take Subsidy A/c.

RAJA P M ("Do the Right Thing...!!!") (127142 Points)
Replied 02 February 2020

As Er my view it will account under expense head as Subsidy to SC...

Roshni (Studwnt) (1141 Points)
Replied 02 February 2020

Any thing rec'd from employer is salary.

RAJA P M ("Do the Right Thing...!!!") (127142 Points)
Replied 02 February 2020

Read the query first

(Guest)

If we are disbursing Subsidy then it will always be an Expense for the organisation. Create a Expense Head for each particular type or group of Subsidy being given for ease of use and understanding.