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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About Subsidy A/c
Replies (6)
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...
Generally it's accounted as which is loan taken : ie; If machinery loan then subsidy will less in the machinery account...
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.
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.
As Er my view it will account under expense head as Subsidy to SC...
Any thing rec'd from employer is salary.
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