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moneycontrol.com भारत | लेखांकन नीति > Pumps > लेखांकन नीति फॉलोड से आदर्श प्लांटेशन प्रोजेक्ट्स - बीएसई: 526711, NSE: N.A

आदर्श प्लांटेशन प्रोजेक्ट्स

बीएसई: 526711  |  NSE: N.A  |  ISIN: INE627D01016  |  Pumps

खोजें आदर्श प्लांटेशन प्रोजेक्ट्स कनेक्शन मार्च 13
लेखांकन नीति साल : मार्च '15
 (1) BASIS FOR PREPARATION OF ACCOUNTS
 
 (i) The Company generally follows the mercantile system of accounting
 and recognizes significant items of income and expenditure on an
 accrual basis except in case of Accumulated leaves which are accounted
 on payment basis.
 
 (ii) The Financial Statements have been prepared under the historical
 cost convention, in accordance with the generally accepted accounting
 principles and provisions of the Companies Act, 2013 as adopted
 consistently by the Company.
 
 (iii) The Financial Statements comply with the Accounting Standards
 issued by the Institute of Chartered Accountants of India as referred
 to Sec 133 of the Companies Act, 2013, of India except AS -15
 Employee''s Benefits.
 
 The accounting policies adopted in the preparation of financial
 statements are consistent with those of previous year.
 
 (2) ASSETS AND DEPRECIATIONS :
 
 TANGIBLE ASSETS
 
 (i) The Gross Block of Fixed Assets is shown at the cost of acquisition
 which includes Taxes, Duties and other identifiable direct expenses.
 
 (ii) Depreciation has been provided on Straight Line Method based on
 life assigned to each asset in accordance with Schedule II of the
 Companies Act, 2013. Residual Value has been assigned to each asset in
 accordance with Schedule II of the Companies Act, 2013.
 
 (iii) Depreciation on additions to fixed assets is being provided on
 pro- rata basis from the next month of acquisition and on assets sold,
 discarded, demolished or scrapped, the same is being provided up to the
 month in which the said asset is sold, discarded, demolished or
 scrapped.(iv) The balance amount brought forward as Written Down Value
 of Fixed assets whose remaining useful life as on 31st March, 2014 is
 Nil, is transferred to Retained Earnings after setting aside the
 residual value for those Fixed Assets.
 
 (3) INVESTMENT :
 
 (i) Unquoted Investments are valued at cost of acquisition.
 
 (ii) Provision for dimunition in value of long term investment is made
 only if such a decline is other than temporary.
 
 ( 4 ) INVENTORIES :
 
 (i) Raw Materials, Packing Materials are valued at Landed Cost.
 
 (ii) Stores, Spares and consumable are valued at Landed Cost.
 
 (iii) Finished Products and Work in progress are valued on the
 principle of direct cost or estimated net realisable value whichever is
 lower.
 
 (iv) Scrap generated on manufacturing of barrel are valued at
 realizable value.
 
 (5) USE OF ESTIMATES :
 
 The preparation of Financial Statements require estimates and
 assumption to be made that affect the reported amount of assets and
 liabilities on the date of Financial Statements and the reported amount
 of revenues and expenses during the reported period.  Difference
 between the actual results and estimates are recognized in the period
 in which the results are known/materialized.
 
 (6) REVENUE RECOGNITION :
 
 (i) Sales are recognized when goods are supplied and are recorded net
 of trade discounts and rebates.
 
 (ii) Interest income on investments is booked on a time proportionate
 basis taking into account the amounts invested and the rate of
 interest.
 
 (iii) Dividend income is recognised when the right to receive dividend
 is established.
 
 (7) RETIREMENT BENEFITS :
 
 (i) Contributions to Provident Fund & Family Pension Scheme are
 accounted on accrual basis and charged to Profit and Loss Account for
 the year. (ii) The Company has adopted a policy to make payment of
 accumulated leaves at the time of termination of its employees. Hence,
 no provision on account of leave encashment is made in the books of
 accounts.
 
 (iii) The Company accounts for Gratuity on the basis of Management
 estimates.
 
 (8) TREATMENT OF CONTINGENT LIABILITIES :
 
 Contingent Liabilities are determined on the basis of available
 information and disclosed by way of Accounts.
 
 ACCOUNTING FOR TAXES ON INCOME :
 
 (9) Current tax is determined as the amount of tax payable in respect
 of taxable income for the year.
 
 Deferred tax is recognized, on timing difference, being the difference
 between taxable incomes and accounting income that originate in one
 period and are capable of reversal in one or more subsequent periods.
 
 Where there is unabsorbed depreciation or carry forward losses,
 deferred tax assets are recognized if there is virtual certainty that
 sufficient future taxable income will be availbale against which such
 assets can be realized. Other deferred tax assets are recognized only
 to the extent there is reasonable certainty of realization in future.
 Such assets are reviewed at each Balance sheet date to reassess
 realization.
 
 Deferred tax assets and liabilities are measured using the tax rates
 and laws that have been enacted on the balance sheet date.
 
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `335 Cr की बिकवाली की
  • MARKET CUES : DIIs ने कैश में `2409 Cr की खरीदारी की
  • MARKET CUES : FIIs ने F&O में `4293 Cr की खरीदारी की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `1664 Cr की खरीदारी
  • MARKET CUES : इंडेक्स ऑप्शंस में `1753 Cr की खरीदारी
  • MARKET CUES : स्टॉक फ्यूचर्स में `912 Cr की खरीदारी
  • MARKET CUES : स्टॉक ऑप्शंस में `36 Cr की बिकवाली
  • JEFFERIES ON SUN PHARMA : BUY रेटिंग, लक्ष्य बढ़ाकर `530/Sh
  • CS ON SUN PHARMA : Neutral रेटिंग, लक्ष्य `400/Sh
  • CLSA ON SUN PHARMA : BUY रेटिंग, लक्ष्य घटाकर `560/Sh

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