1. received a government grant at 40% towards the acquisition of machinery worth rupees 25 crores
2. received a capital subsidy of rupees 150 lacs from government for setting up a plant costing rupees 300 lacs in notified backward region
3. received 50 lacs from government for setting up a project for supply of arsenic free water in notified area
4.received 5 lakhs from the local authority for providing Corona vaccine free of charge to its employees and their families
5.it has a received a performance award of Rs 500 lacs from government with a condition of major renovation in the power plant within 3 years Suraj limited in curd 90% of amount towards capital expenditure and balance for revenue expenditure
could you please treat the above in books of Suraj limited as per Accounting standard 12 government grants
how to disclose
CAclubindia
