Hi
If a company received Grant from another company (not a Govt, grant) for purchase of a specific fixed asset
how the accounting should be done
3 Replies
H S RATHORE
(M.COM. FINAL & CA FINAL )
(26 Points)
Replied 26 May 2014
please read
AS 12. Accounting Treatment of Government Grants
H S RATHORE
(M.COM. FINAL & CA FINAL )
(26 Points)
Replied 26 May 2014
please read the attached file for non govt funding / grants
Attached File : 892198 1320251 fund accounting.pdf downloaded: 271 times
vamshi krishna
(CA(Final))
(54 Points)
Replied 26 May 2014
So, according to this non govt. grant received towards specific fixed asset can be taken as income during the FY
correct ??
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