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Govt. subsidy received for purchase of fixed asset
how to treat in financial statements govt. subsidy received for purchase of fixed asset ?
Replies (4)
In Ind AS treat it as deferred income in AS either treat as deferred income or reduce from cost of asset
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...
@ Sanjay.,
You can reverse the Subsidy amount to the Fixed Asset which purchased the loan with subsidy...
or
Also account in Income Head...
can you help me how to stady accounting standard
Study from study material finish one AS and then do questions on it to get conceptual clarity
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