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Govt. subsidy received for purchase of fixed asset

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7 Points Posted on 22 October 2018
how to treat in financial statements govt. subsidy received for purchase of fixed asset ?
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On 22 October 2018 at 12:31 Report
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Student
3549 Points Posted on 22 October 2018
In Ind AS treat it as deferred income in AS either treat as deferred income or reduce from cost of asset
15 Reply
On 22 October 2018 at 13:14
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"Do the Right Thing...!!!"
128147 Points Posted on 22 October 2018
Yes... I agreed to Mr Hitesh.

@ Sanjay.,

You can reverse the Subsidy amount to the Fixed Asset which purchased the loan with subsidy...

or

Also account in Income Head...
463 Reply
On 22 October 2018 at 13:56
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10 Points Posted on 23 October 2018
can you help me how to stady accounting standard
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On 23 October 2018 at 12:58
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Student
3549 Points Posted on 23 October 2018
Study from study material finish one AS and then do questions on it to get conceptual clarity
15 Reply
On 23 October 2018 at 13:16


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