Hi,
A person is running A business and it had received Govt susbidy on total project cost.
As per AS-12, in case of company it can be shown as Capital Reserve.
However, what will be accounting treatmnet in case of sole preprietorship firm, whether it should be shown in Liability side of B/S only?
Hello,
is it monetary or non monetary,
in my opinion,
it should be adjusted against CAPITAL ASSETS
CCI
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