Accounting of Assets Received as Grant
Kumar Raju (Dy. GM) (27 Points)
22 November 2022Kumar Raju (Dy. GM) (27 Points)
22 November 2022
prasad Nilugal
( GST Practitioner & Accounts )
(14165 Points)
Replied 22 November 2022
Yasaswi Gomes new
(Finance )
(4474 Points)
Replied 22 November 2022
Report them the usual AS way.
Either as a revenue grant or capital grant
prasad Nilugal
( GST Practitioner & Accounts )
(14165 Points)
Replied 22 November 2022
Yasaswi Gomes new
(Finance )
(4474 Points)
Replied 23 November 2022
Yes if you refer Indas, you have advantage like
Assets & liabilities at closing rate
Incomes and expenditures at spot rate (an average rate is used if fx rates fluctuate very highly)
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