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Capital Subsidy Accounting,,,

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(Querist)
14 March 2021 Dear Experts, Capital subsidy has been received (2017-2018) by a firm. To purchase the (Embroidery Machinery)asset the firm has taken term loan from a bank. Now the bank has received the capital subsidy Which bank is showing in the Subsidiary Loan Saving Account, there is no change in the O / S terms also, how to do it in the entry book?
Is this entry correct for me?

Term loan A/c Dr. 700000
To Subsuidy A/c. 700000
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
14 March 2021 Credit the subsidy to machinery account.
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jayprakash mauriya

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jayprakash mauriya (Querist)
15 March 2021 You mean ?
Subsidy a/c Cr. 700000
machinery a/c dr. 700000
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
16 March 2021 No, credit machinery with subsidy received.

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