Mar 31, 2015
A) Recognition of Income and Expenditure:
The Accounts are prepared on accrual basis.
b) Fixed Assets and Depreciation :
Fixed Assets includes all expenditure of Capital nature and are stated
at cost of Acquisition, installation and commissioning. Fixed Assets
are stated at historical cost
c) Investments:
Investments are valued at cost inclusive of expenses incidental to
their acquisition. Current Investments are carried at cost.
d) Impairment of Assets:
If internal /external indications suggest that an asset of the company
may be impaired, the recoverable amount of asset/ cash generating unit
is determined on the Balance Sheet date and if it is less than its
carrying amount, the carrying amount of the asset / cash generating
unit is reduced to the said recoverable amount. The recoverable amount
is measured as the higher of net selling price and value in use of such
assets / cash generating unit, which is determined by the present value
of the estimated future Cash Flows.
e) Provision for Retirement Benefits:
Provision for gratuity is not made in accounts as the none of employee
is eligible for the same
f) Contingent Liabilities:
Contingent liabilities are not provided for in the accounts and are
disclosed separately in Notes on Accounts
Mar 31, 2014
A) Recognition of Income and Expenditure: The Accounts are prepared on
accrual basis.
b) Fixed Assets and Depreciation:
Fixed Assets includes all expenditure of Capital nature and are stated
at cost of Acquisition, installation and commissioning. Fixed Assets
are stated at historical cost
c) Investments:
Investments are valued at cost inclusive of expenses incidental to
their acquisition. Current Investments are carried at cost.
d) Impairment of Assets:
If internal /external indications suggest that an asset of the company
may be impaired, the recoverable amount of asset/ cash generating unit
is determined on the Balance Sheet date and if it is less than its
carrying amount, the carrying amount of the asset / cash generating
unit is reduced to the said recoverable amount. The recoverable amount
is measured as the higher of net selling price and value in use of such
assets / cash generating unit, which is determined by the present value
of the estimated future Cash Flows.
e) Provision for Retirement Benefits:
Provision for gratuity is not made in accounts as the none of employee
is eligible for the same
f) Contingent Liabilities:
Contingent liabilities are not provided for in the accounts and are
disclosed separately in Notes on Accounts
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