CA.Mayank Mittal (Professional) (40 Points)
22 February 2013Hi,
A person is running A business and it had received Govt susbidy on total project cost.
As per AS-12, in case of company it can be shown as Capital Reserve.
However, what will be accounting treatmnet in case of sole preprietorship firm, whether it should be shown in Liability side of B/S only?
pravallika reddy
(articleship)
(305 Points)
Replied 27 February 2013
Hello,
is it monetary or non monetary,
CA. Kapil Goel, DISA(ICAI)
(cakapilgoel.wordpress.com)
(2191 Points)
Replied 28 February 2013
CA.Mayank Mittal
(Professional)
(40 Points)
Replied 01 March 2013
CAclubindia
