01 April 2010
Dear sir, I am working in wine manufactoring company. We have recieved a subsidy from Ministry of food processing industry(MOFPI)in our loan account.It is given on the asset or expansion of wineries. I want to know the acconting entry for the same transaction.
01 April 2010
as per AS - 12, entry depend to nature of subsidy so please specify the nature of subsidy you received is it nature of Assets related or contribution
CAclubindia
