Frieght subsidy.
saurabh gupta (72 Points)
29 June 2021saurabh gupta (72 Points)
29 June 2021
Jigu M Bagsariya
(Chartered Accountant)
(22 Points)
Replied 29 June 2021
As per AS 12 Freight subsidy received is revenue in nature and for the purpose of recognition of the said grant Income Approach should be followed and therefore directly credited to profit and loss account.