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moneycontrol.com भारत | लेखांकन नीति > Metals - Non Ferrous > लेखांकन नीति फॉलोड से जय इलेक्ट्रिक - बीएसई: 504062, NSE: N.A

जय इलेक्ट्रिक

बीएसई: 504062  |  NSE: N.A  |  ISIN:  |  Metals - Non Ferrous

खोजें जय इलेक्ट्रिक कनेक्शन
लेखांकन नीति साल : मार्च '99
i) The Company generally follows the mercantile system of accounting
 and recognises income and expenditure on an accrual basis except those
 with significant uncertainties.
 
 ii) Financial statements are based on historical costs.  These costs
 are not adjusted to reflect the impact of the changing value in the
 purchasing power of money.
 
 II. FIXED ASSETS AND DEPRECIATION
 
 A. FIXED ASSETS
 
 Fixed Assets are carried at cost of Acquisition (including cost of
 specific borrowings) or Construction, Less accumulated Depreciation
 (except freehold land) and Amortisation (of cost of Acquisition).  In
 respect of Projects implemented by the company, fixed assets include
 all Duties, non-refundable taxes or levies and cost for bringing assets
 into working condition for its intended use, which are directly
 attributable (such as expenses during construction period, etc.)
 
 B. DEPRECIATION
 
 a) Leasehold Land
 
 Cost of Leasehold land, representing premium paid for acquisition of
 leasehold rights, is amortised over the lease period only on execution
 of lease and other relevant documents/deeds.
 
 b) Other Fixed Assets
 
 a) Depreciation is provided under straight line method at the rates
 prescribed under Schedule XIV of the Companies Act, 1956, as amended
 vide Notification No. GSR 756(E) Dated 16th December, 1993.
 
 b) Depreciation on additions to assets during the year is provided on
 pro-rata basis.
 
 c) Depreciation on sold (or) discarded assets has been provided on
 pro-rata basis upto the date of sale/discarding.
 
 III. CONVERSION OF FOREIGN CURRENCIES
 
 Balance in the form of Current Assets and Current Liabilities
 outstanding on the date of the Balance Sheets are converted at the
 appropriate rates of exchange prevailing on the date of the Balance
 Sheet except those covered under forward contracts.  Exchange
 difference arising from foreign currency fluctuations are dealt with in
 the Profit & Loss Account.
 
 IV.INVESTMENTS
 
 Investments are valued at cost of acquisition.
 
 V. INVENTORY VALUATION
 
 A. FINISHED GOODS & MATERIALS IN PROCESS
 
 Finished Goods
 
 a) Finished goods and Materials in Process are stated at their cost or
 Market Value, whichever is lower.
 
 b) Cost of Finished Goods are computed at rates which takes into
 account raw material costs and variable overheads but excludes fixed
 overheads, Excise duties, interest and depreciation.
 
 B. RAW MATERIALS
 
 Raw Materials are stated at their Historical Costs applying the first
 in/first out formula (FIFO).
 
 C. STORES AND SPARES
 
 Stores and Spares are stated at their historical costs applying the
 Weighted Average Formula.
 
 
 VI. EXPORTS SALES
 
 Exports sales are recognised from the date of shipment (i.e. the airway
 bill or the mates receipt as the case may be)
 
 VII. EXCISE AND CUSTOMS DUTY
 
 a) Excise Duty
 
 Excise Duty, in respect of finished goods manufactured by the Company,
 is accounted at the time of removal of goods from the factory for sale
 or for captive consumption.
 
 b) Customs Duty
 
 Customs Duty on import of goods lying in Customs bonded warehouse
 (including interest thereon) is accounted for on clearance of the goods
 from Bond.
 
 VIII. GRATUITY
 
 Contribution for present liability for future payment of gratuity is
 being made to approved gratuity funds which fully cover the same under
 Cash Accumulation Policy of the Life Insurance Corporation of India.
 
 IX. VOLUNTARY RETIREMENT SCHEME
 
 Amount paid under Voluntary Retirement Scheme is being amortisede/over
 a period of 5 years.
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `585 Cr की खरीदारी की
  • MARKET CUES : DIIs ने कैश में `890 Cr की बिकवाली की
  • MARKET CUES : FIIs ने F&O में `483 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `172 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स ऑप्शंस में `151 Cr की खरीदारी की
  • MARKET CUES : स्टॉक फ्यूचर्स में `388 Cr की बिकवाली की
  • CS ON BHEL : Outperform रेटिंग, लक्ष्य `88/Sh
  • CS ON CADILA HEALTH : Neutral रेटिंग, लक्ष्य `251/Sh
  • CS ON PIDILITE IND : Underperform रेटिंग, लक्ष्य `1245/Sh
  • MACQUARIE ON BHEL : Neutral रेटिंग, लक्ष्य घटाकर `58/Sh

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