Mar 31, 2014
I) Basis of Accounting:
Financial Statement are prepared under historical cost convention on a
accrual basis in accordance with the requirements of the Companies Act.
1956.
ii) Fixed Assets and Depreciation
a) There is No Fixed assets at the end of the Year, hence depreciation
is not Applicable.
ii) INVENTORIES
There is no Inventory hence not applicable.
iii) MISCELLANEOUS EXPENSES
There is Preliminary Expenditure at the year end.
iv) CONTINGENT LIABILITIES
No provision is made for liabilities, which are contingent in nature
but, if material the same is disclosed by way of notes to the accounts.
Mar 31, 2013
I) Basis of Accounting :
Financial Statement are prepared under historical cost convention on a
accrual basis in accordance with the requirements of the Companies Act.
1956.
ii) Fixed Assets and Depreciation ''
a) There is No Fixed assets at the end of the Year, hence depreciation
is not Applicable.
ii) INVENTORIES
There is no Inventory hence not applicable.
iii) MISCELLANEOUS EXPENSES
There is Preliminary Expenditure at the year end.
iv) CONTINGENT LIABILITIES
No provision is made for liabilities, which are contingent in nature
but, if material the same is disclosed by way of notes to the accounts.
Mar 31, 2012
I) Basis of Accounting :
Financial Statement are prepared under historical cost convention on a
accrual basis in accordance with the requirements of the Companies Act.
1956.
ii) Fixed Assets and Depreciation
a) There is No Fixed assets at the end of the Year, hence
depreciation is not Applicable.
ii) INVENTORIES ' '
There is no Inventory hence not applicable.
Hi) MISCELLANEOUS EXPENSES
There is Preliminary Expenditure at the year end.
iv) CONTINGENT LIABILITIES
No provision is made for liabilities, which are contingent in nature
but, if material the same is disclosed by way of notes to the accounts.
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