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About Subsidy A/c


pramod jayram raut (Accountant)     01 February 2020

pramod jayram raut
Accountant 
 52 points

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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.?

avater

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

RAJA P M
"Do the Right Thing...!!!" 
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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...

avater

pramod jayram raut (Accountant)     01 February 2020

pramod jayram raut
Accountant 
 52 points

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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.

avater

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

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

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Roshni (Studwnt)     02 February 2020

Roshni
Studwnt 
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Any thing rec'd from employer is salary.

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

RAJA P M
"Do the Right Thing...!!!" 
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Read the query first

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Asha Kanta Sharma (Accounts Manager)     03 February 2020

Asha Kanta Sharma
Accounts Manager 
 34 points

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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. 


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