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Notes to Accounts of Vogue Textiles Ltd.

Mar 31, 2015

1. Capital Commitments:

There are no Contracts remaining to be executed on capital account.

2. Employee Retirement Benefits:

Company's Contribution to Provident Fund and Leave Encashment has been charged to Profit & Loss Account. Gratuity at the time of retirement has been charged to Profit & Loss Account and calculated on accrued basis.

3. Foreign Exchange Transaction:

4. The Consumption of Raw Material and consumable stores are the balancing figure of Opening Stock plus Purchase (less returns, if any) less sales and Closing Stock as per physical verification by the Management at the end of the year.

5. Previous year figures have been rearranged and regrouped wherever considered necessary. Figures have been rounded off to nearest rupee.


Mar 31, 2014

1. Capital Commitments:

There are no Contracts remaining to be executed on capital account.

2. Employee Retirement Benefits:

Company''s Contribution to Provident Fund and Leave Encashment has been charged to Profit & Loss Account. Gratuity at the time of retirement has been charged to Profit & Loss Account and calculated on accrued basis.

3. The Consumption of Raw Material and consumable stores are the balancing figure of Opening Stock plus Purchase (less returns, if any) less sales and Closing Stock as per physical verification by the Management at the end of the year.

4. Previous year figures have been rearranged and regrouped wherever considered necessary. Figures have been rounded off to nearest rupee.


Mar 31, 2013

1. Capital Commitments: . There are no Contracts remaining to be executed on capital account.

2. Employee Retirement Benefits:

Company''s Contribution to Provident Fund and Leave Encashment has been charged to Profit & Loss Account Gratuity the in to time of retirement has been charged to Profit & Loss Account and calculated on accrued

3. The Consumption of Raw Material and consumable stores are the balancing figure of Opening Stock plus Purchase (less returns, ill any) less sales and Closing Stock as per physical ventilation by the Management at the end of the year.

4. Previous year figures have been rearranged and regrouped wherever considered necessary Figures have been rounded off lo nearest rupee


Mar 31, 2012

1. Capital Commitments:

There are no Contracts remaining to be executed on capital account.

2. Employee Retirement Benefits:

Company's Contribution to Provident Fund and Leave Encashment has been charged to Profit & Loss Account. Gratuity at the time of retirement has been charged to Profit & Loss Account and calculated on accrued basis.

3. The Consumption of Raw Material and consumable stores are the balancing figure of Opening Stock plus Purchase (less returns, if any) less sales and Closing Stock as per physical verification by the Management at the end of the year.

4. Previous year figures have been rearranged and regrouped wherever considered necessary. Figures have been rounded off to nearest rupee.


Mar 31, 2011

1. CAPITAL COMMITMENTS

There are no Contracts remaining to be executed on capital account.

2. EMPLOYEE RETIREMENT BENEFITS

Company's contribution to Provident Fund and Leave encashment has been charged to Profit & Loss Account. Gratuity at the time of retirement has been charged to Profit & Loss account and calculated on accrued basis.

3. FOREIGN EXCHANGE TRANSACTION

Transactions in foreign currency are recorded at the exchange rates prevailing at the time of the transaction. In the case of liabilities incurred for the acquisition of fixed assets, fluctuations in foreign exchange is included in the carrying amount of the fixed asset.

4. MISCELLANEOUS EXPENDITURE

(A) Deferred expenditure is being amortised over a period of Three years.

(B) Public Issue expenses are amortised over a period of ten years.

5. The consumption of raw material and consumable stores is the balancing figure of Opening Stock plus Purchase (less returns, if any) less Sales and Closing Stock as per physical verification conducted by the Management at the end of the year.

6. Previous year figures are re-grouped/re-classified wherever necessary.


Mar 31, 2010

1. CAPITAL COMMITMENTS

There are no contracts remaining to be executed on capital account.

2. EMPLOYEE RETIREMENT BENEFITS

Companys contribution to Provident Fund and Leave encashment has been charged to Profit & Loss Account. Gratuity at the time of retirement has been charged to Profit & Loss account and calculated on accrued basis.

3. FOREIGN EXCHANGE TRANSACTION

Transactions in foreign currency are recorded at the exchange rates prevailing at the time of the transaction. In the case of liabilities incurred for the acquisition of fixed assets, fluctuations in foreign exchange is included in the carrying amount of the fixed asset.

4. MISCELLANEOUS EXPENDITURE

(A) Deferred expenditure is being amortised over a period of Three years.

(B) Public Issue expenses are amortised over a period of ten years.

11.The consumption of raw material and consumable stores is the balancing figure of Opening Stock plus Purchase (less returns,if any) less Sales and Closing Stock as per physical verification conducted by the Management at the end of the year.

5. Previous year figures are re-grouped/re-classified wherever necessary.

 
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