As - 12
This query is : Resolved
22 July 2014
dear sir,
we are eligible to receive electricity duty subsidy from west Bengal govt.what we account for as per AS - 12, in our a/cs as on 31.03.2014. yet we are not receive cheque from govt.... can we take it as current asset in the 2013-14 balance sheet....???? plz suggest
we are eligible to receive electricity duty subsidy from west Bengal govt.what we account for as per AS - 12, in our a/cs as on 31.03.2014. yet we are not receive cheque from govt.... can we take it as current asset in the 2013-14 balance sheet....???? plz suggest
22 July 2014
no unless u rec both the sanction letter and the amount u must not mention it in ur book ratehr just provide it in notes to accounts.
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