Reg. accounting treatment of pmegp capital subsidy
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 August 2014
Dear Experts
Pls explain what will be the accounting treatment of subsidy received for establishing Manuf. Unit under PMEGP Scheme.
further we have received the subsidy but parked by bank in a separate account and will be released only after completion of 3 years satisfactory loan repayment and operation.
What will be the accounting treatment in this case?
Earliest reply will be highly appreciable with thanks and regards.
Pls explain what will be the accounting treatment of subsidy received for establishing Manuf. Unit under PMEGP Scheme.
further we have received the subsidy but parked by bank in a separate account and will be released only after completion of 3 years satisfactory loan repayment and operation.
What will be the accounting treatment in this case?
Earliest reply will be highly appreciable with thanks and regards.
18 August 2014
If it is capital subsidy, then create a separate head as Capital subsidy under reserve and surplus.
18 August 2014
If it is capital subsidy, then create a separate head as Capital subsidy under reserve and surplus.
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