moneycontrol.com भारत | लेखांकन नीति > Chemicals > लेखांकन नीति फॉलोड से किंग्स इंडिया केम कॉर्प - बीएसई: 524214, NSE: N.A

किंग्स इंडिया केम कॉर्प

बीएसई: 524214  |  NSE: N.A  |  ISIN:  |  Chemicals

खोजें किंग्स इंडिया केम कॉर्प कनेक्शन मार्च 12
लेखांकन नीति साल : मार्च '13
1) General:
 The Financial Statements are prepared on the historical cost convention
 and in accordance with applicable accounting standards and relevant
 presentation requirements of the Companies Act, 1956 and on the basis
 of going concern^
 2) Fixed Assets:
 Fixed assets are stated at cost of acquisition or construction
 inclusive of freight, erection and commission charges, duties and
 taxes, expenses during construction period, interest on borrowings and
 financial costs upto to the date of acquisition or installation.
 3) Borrowing Costs:
 Borrowing costs (net of interest earned on temporary investment of
 those borrowings) directly attributable to the acquisition,
 construction or production of qualifying assets are capitalized as part
 of the cost of the assets.  Other borrowing costs are recognized as
 expense as and when incurred.
 4) Investments:
 There was no Long term/Short term Investments by the company as on the
 Balance Sheet date.
 5) Inventories:
 The Inventories are valued at lower of cost and net realizable value.
 The closing stocks are valued on the basis of weighted average method.
 6) Revenue and Expenditure Recognition:
 Revenue/ Incomes and Costs/ Expenditure are accounted for on accrual
 basics as they are earned or incurred.
 7) Foreign Exchange Transactions: there is no Transactions in foreign
 exchange during the year.
 8) Depreciation:
 Depreciation on fixed Assets is provided on Straight -Line method as
 per the classification and in the manner specified in schedule XIV to
 the Companies Act, 1956.
 9) Provisions:
 Provision is recognized in respect of present obligation requiring
 settlement by outflow of resources and of which a reliable estimate on
 the amount of obligation could be made.
 10) Income tax
 As the company has earned profit during the year; However, no provision
 was made for Income-tax in view of the carried forward losses and the
 applicability of the provisions of sick company.
 11) Retirement and other Employee benefits
 All employee benefits payable/available within twelve months of
 rendering the services are classified as short-term employee benefits.
 Benefits such as salaries, wages and bonus etc., are recognized in the
 Profit and Loss Account in the year in which the employee renders the
 related service.
 Provident fund Provident fund is a defined contribution scheme.
 Contributions payable to the provident fund are charged to the profit
 and loss account.
 Gratuity and leave encashment costs are defined benefits plans. The
 present value of obligations under such defined benefit plans is
 determined based on actuarial valuation carried out by an independent
 actuary using the
 Projected Unit Credit Method, which recognizes each period of service
 as giving rise to additional unit of employee benefit entitlement and
 measure each unit separately to build up the final obligation.
 Actuarial gains and losses are recognized immediately in the profit and
 loss account. Gains or losses on the curtailment or settlement of any
 defined benefit plan are recognized when the curtailment or settlement
 12) Impairment:
 The Management is of opinion that no impairment of assets has been
 taken place during the financial year ended 31st March 2013.
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • BREAKING NEWS LOWER : देश में अब तक 45,24,317 कोरोना टेस्ट हुए
  • BREAKING NEWS LOWER : देश में कोरोना के मामले बढ़कर 2,36,650
  • BREAKING NEWS LOWER : देश में कोरोना के कुल 1,15,942 एक्टिव मामले
  • BREAKING NEWS LOWER : अब तक 1,14,072 कोरोना मरीज ठीक हुए
  • BREAKING NEWS LOWER : देश में कोरोना से अब तक 6642 लोगों की मौत
  • BREAKING NEWS LOWER : पिछले 24घंटे में कोरोना के 9887 नए मामले मिले
  • BREAKING NEWS LOWER : पिछले 24 घंटे में कोरोना के 4611 मरीज ठीक हुए
  • BREAKING NEWS LOWER : पिछले 24 घंटे में कोरोना से 294 लोगों की मौत

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(August 06, 2018)

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