Accounting concept
This query is : Resolved
27 December 2014
sir agar kisi particular assets ke liye fund received hua to iski entry kya hogi or agar or us assets ko purchases kr lete to entry kya hogi
27 December 2014
DEAR
ENTRY WILL BE
1) BANK A/C DR XXX
TO CAPITAL RESERVE XXX
(BEING FUND RECECIVED FOR FA)
2) FIXED ASSETS A/C DR XXX
TO PARTY (FROM WHOM ASSET PURCHASED)XXX
(BEING FIXED ASSET PURCHASED)
REGARDS
PRADEEP KUMAR
ENTRY WILL BE
1) BANK A/C DR XXX
TO CAPITAL RESERVE XXX
(BEING FUND RECECIVED FOR FA)
2) FIXED ASSETS A/C DR XXX
TO PARTY (FROM WHOM ASSET PURCHASED)XXX
(BEING FIXED ASSET PURCHASED)
REGARDS
PRADEEP KUMAR
29 December 2014
thanks sir
sir agar fund govt. se received hua to entry kya hogi ,
sir agar fund govt. se received hua to entry kya hogi ,
29 December 2014
Dear Navneet
According to Accounting standard-12 "Government grants", If any fund is received from government for purchase of Fixed Asset then answer will be
For Non depreciable asset
Bank a/c dr xxx
To Capital reserve xxx
For depreciable asset
bank a/c dr xxx
To Deferred revenue income xxx
Regards
Pradeep Kumar
According to Accounting standard-12 "Government grants", If any fund is received from government for purchase of Fixed Asset then answer will be
For Non depreciable asset
Bank a/c dr xxx
To Capital reserve xxx
For depreciable asset
bank a/c dr xxx
To Deferred revenue income xxx
Regards
Pradeep Kumar
29 December 2014
Dear Navneet
According to Accounting standard-12 "Government grants", If any fund is received from government for purchase of Fixed Asset then answer will be
For Non depreciable asset
Bank a/c dr xxx
To Capital reserve xxx
For depreciable asset
bank a/c dr xxx
To Deferred revenue income xxx
Regards
Pradeep Kumar
According to Accounting standard-12 "Government grants", If any fund is received from government for purchase of Fixed Asset then answer will be
For Non depreciable asset
Bank a/c dr xxx
To Capital reserve xxx
For depreciable asset
bank a/c dr xxx
To Deferred revenue income xxx
Regards
Pradeep Kumar
29 December 2014
fixed assets ko nominal value pr show nai krna hoga kya
29 December 2014
Dear Navneet
You are taking about deductive method.
As per As-12, if grant from government received for depreciable assets and you are following deductive method, then you will do like this
Fixed Assets value xxx
Less: grant received xxx
Balance
Less: Depreciation xxx
Balance xxx
Now keep in your mind that if after deduction of grant balace comes out nil or -ve then you will show such fixed assets at nominal value.
Regards
Pradeep Kumar
You are taking about deductive method.
As per As-12, if grant from government received for depreciable assets and you are following deductive method, then you will do like this
Fixed Assets value xxx
Less: grant received xxx
Balance
Less: Depreciation xxx
Balance xxx
Now keep in your mind that if after deduction of grant balace comes out nil or -ve then you will show such fixed assets at nominal value.
Regards
Pradeep Kumar
29 December 2014
Dear Navneet
You are taking about deductive method.
As per As-12, if grant from government received for depreciable assets and you are following deductive method, then you will do like this
Fixed Assets value xxx
Less: grant received xxx
Balance
Less: Depreciation xxx
Balance xxx
Now keep in your mind that if after deduction of grant balace comes out nil or -ve then you will show such fixed assets at nominal value.
Regards
Pradeep Kumar
You are taking about deductive method.
As per As-12, if grant from government received for depreciable assets and you are following deductive method, then you will do like this
Fixed Assets value xxx
Less: grant received xxx
Balance
Less: Depreciation xxx
Balance xxx
Now keep in your mind that if after deduction of grant balace comes out nil or -ve then you will show such fixed assets at nominal value.
Regards
Pradeep Kumar
29 December 2014
SIR
FIXED ASSETS KE LIYE GRANT RECEIVED HUI, PHLE KOI FIXED ASSETS NAI HAI US GRANT SE HI FIXED ASSETS PURCHASE KI
FOR EXAMPLE-
BUILDING CONSTRUCTION KE LIYE GOVT SE FUND AAYA OR US FUND SE CONSTRUCTION KRVAYA TO BUILDING KO APNI BOOKS ME SHOW KRE YA NAI
FIXED ASSETS KE LIYE GRANT RECEIVED HUI, PHLE KOI FIXED ASSETS NAI HAI US GRANT SE HI FIXED ASSETS PURCHASE KI
FOR EXAMPLE-
BUILDING CONSTRUCTION KE LIYE GOVT SE FUND AAYA OR US FUND SE CONSTRUCTION KRVAYA TO BUILDING KO APNI BOOKS ME SHOW KRE YA NAI
29 December 2014
Dear Navneet
Yes you will show it at nominal value, as you have mentioned in your earlier question that grant will be reduce from Assets.
Regards
Pradeep Kumar
Yes you will show it at nominal value, as you have mentioned in your earlier question that grant will be reduce from Assets.
Regards
Pradeep Kumar
29 December 2014
sir to final entry books me yah kr skta hu-
BANK A/C DR.
TO DEFERRED REVENUE INCOME
FIXED ASSETS A/C DR
TO P&l ( NOMINAL VALUE)
EVERY YEAR ME DEPRECIATION KI RATE SE IS DEFERRED REVENU KO W/O IS ENTRY SE KR SKTA HU
DEFERRED REVENUE INCOME A/C DR.
TO P&l
BANK A/C DR.
TO DEFERRED REVENUE INCOME
FIXED ASSETS A/C DR
TO P&l ( NOMINAL VALUE)
EVERY YEAR ME DEPRECIATION KI RATE SE IS DEFERRED REVENU KO W/O IS ENTRY SE KR SKTA HU
DEFERRED REVENUE INCOME A/C DR.
TO P&l
30 December 2014
Dear Navneet
Remember you are following deductive method so you have already reduced the entry grant received from Assets value, then there should be no question of depreciating the grant.
Please check presentation which I mentioned in earlier discussion
Regards
Pradeep kumar
Remember you are following deductive method so you have already reduced the entry grant received from Assets value, then there should be no question of depreciating the grant.
Please check presentation which I mentioned in earlier discussion
Regards
Pradeep kumar
30 December 2014
sir me clear nai ho pya
aap muje is transaction ki kya entry krni hog or books me fixed assets show krenge ya nai clear kre
ki govt se building construction liye fund received hu or same year me vo building construction kra di
to aap is all transaction ki entry kya hogi bttye plz
aap muje is transaction ki kya entry krni hog or books me fixed assets show krenge ya nai clear kre
ki govt se building construction liye fund received hu or same year me vo building construction kra di
to aap is all transaction ki entry kya hogi bttye plz
30 December 2014
sir me clear nai ho paya
aap muje is transaction ki kya entry krni hogi or books me fixed assets show krnege ya nai clear kre
ki govt. se building construction ke liye fund received hua or same year me vo building construction krva di or sara fund use aa gya
to aap muje plz is trasaction ki kya entry hogi
aap muje is transaction ki kya entry krni hogi or books me fixed assets show krnege ya nai clear kre
ki govt. se building construction ke liye fund received hua or same year me vo building construction krva di or sara fund use aa gya
to aap muje plz is trasaction ki kya entry hogi
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