Debit: bank deposit

Loan: Financial subsidy income

If it is a non-financial appropriation allocated by the superior unit, it is

Debit: bank deposit

Credit: Higher level subsidy income

But now it is basically centralized payment by the state treasury, and it is rare to transfer money directly to the account of the unit.

If this is the case, it is generally used to apply for payment from the manufacturer who needs to pay through the treasury payment system, which belongs to direct payment:

Debit: business expenditure

Loan: Financial subsidy income

If the authorized payment method is adopted through application:

Debit: the amount used in a zero-balance account.

Loan: Financial subsidy income