मैट्रिक्स
 
 
moneycontrol.com भारत | लेखांकन नीति > Miscellaneous > लेखांकन नीति फॉलोड से शिखर लीजिंग एंड ट्रेडिंग लिमिटेड - बीएसई: 507952, NSE: N.A

शिखर लीजिंग एंड ट्रेडिंग लिमिटेड

बीएसई: 507952  |  NSE: N.A  |  ISIN:  |  Miscellaneous

खोजें शिखर लीजिंग एंड ट्रेडिंग लिमिटेड कनेक्शन मार्च 12
लेखांकन नीति साल : मार्च '13
Basis of accounting and preparation of financial statements
 
 The financial statements of the Company have been prepared in
 accordance with the Generally Accepted Accounting Principles in India
 (Indian GAAP) to comply with the Accounting Standards notified under
 the Companies (Accounting Standards) Rules, 2006 (as amended) and the
 relevant provisions of the Companies Act, 1956. Accounting Policies not
 specifically referred to otherwise are consistent and in consonance
 with generally accepted accounting principles. All income and
 expenditure items having a material bearing on the financial statements
 are generally recognised on accrual basis, material known liabilities
 are provided for on the basis of available information/ estimation,
 however certain claims and income which are not ascertainable/
 acknowledged by customers are not taken into accounts, further, the
 company follows prudential norms for income recognition and
 provisioning for non-performing assets as prescribed by the reserve
 bank of India for non-banking financial companies.
 
 Vse of estimates
 
 The preparation of financial statements in conformity with the
 generally accepted accounting principles requires estimates and
 assumptions to be made that affect the reported amount of assets and
 liabilities on the date of the financial statements and the reported
 amount of revenues and expenses during the reporting period.
 Differences between the actual results and estimates are recognized in
 the period in which the results are known / materialized.
 
 Reyenue recognition
 
 i. General:
 
 The company follows the accrual method of accounting for its income and
 expenditure except delayed payment charges, fee based income and
 interest on trade advance, which on account of uncertainty of ultimate
 collection are accounted on receipt basis, also in accordance with the
 guidelines issued by the reserve bank of India for non-banking
 financial companies, income on business assets classified as
 non-performing assets, is recognised on receipt basis, financial
 companies, income on business assets classified as non-performing
 assets, is recognised on receipt basis.
 
 ii. Income from loan;
 
 Income from loan transactions is accounted for by applying the interest
 rate implicit in such term sheet
 
 Tangible Fixed Assets
 
 Fixed Assets are valued at cost of acquisition or construction
 inclusive of duties ( net of cenvat/Vat), taxes, incidental expenses,
 erecting expenses & interest cost etc. up to the date asset is put /
 ready to use. They are stated at historical costs or other amounts
 substituted for historical costs. Cenvat/Vat credit availed on purchase
 of fixed assets are reduced from the purchase cost of Fixed
 Assets.(whenever and wherever required)
 
 Method of Depreciation
 
 Depreciation on fixed assets is provided on the written down value of
 the assets at the rates prescribed under Schedule XIV to the
 
 Companies Act, 1956.
 
 Assets below Rs.5000/- are depreciated @100% in the year of purchase.
 
 Impairment of Assets:
 
 An assets is treated as impaired when carrying cost of assets exceeds
 its recoverable value. An Impairment loss is charged to the Profit &
 Loss A/c. in the year in which an assets are identified as impaired.
 
 Investments:
 
 Long Term Investments are shown at cost However, when there is a
 decline, other than temporary, in the value of a long term investment
 the carrying amount is reduced to recognise the decline.
 
 Provisions and contingencies
 
 A provision is recognised when the Company has a present obligation as
 a result of past events and it is probable that an outflow of resources
 will be required to settle the obligation in respect of which a
 reliable estimate can be made. Provisions (excluding retirement
 benefits) are not discounted to their present value and are determined
 based on the best estimate required to settle the obligation at
 ttnODtepe Sheet date. These are reviewed at each Balance Sheet date and
 adjusted to reflect the current best estimates. ContingencMjMies are
 disclosed in the Notes.
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `703.74 Cr की खरीदारी की
  • MARKET CUES : DIIs ने कैश में `665.69 Cr की बिकवाली की
  • MARKET CUES : FIIs ने F&O में `2590.19 Cr की खरीदारी की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `1228.39 Cr की खरीदारी
  • MARKET CUES : इंडेक्स ऑप्शंस में `844.54 Cr की खरीदारी
  • MARKET CUES : स्टॉक फ्यूचर्स में `505.36 Cr की खरीदारी
  • MARKET CUES : स्टॉक ऑप्शंस में `11.90 Cr की खरीदारी
  • MPC MEET ON CREDIT POLICY : क्रेडिट पॉलिसी पर MPC बैठक का दूसरा दिन
  • MPC MEET ON CREDIT POLICY : कल जारी होगी क्रेडिट पॉलिसी
  • JEFFERIES ON GUJARAT GAS : Buy रेटिंग, लक्ष्य बढ़ाकर `415/Sh

अभी देखें

टैक्स गुरु

OUR WINNING PICKS

DID YOU INVEST?

INTRADAY PICKS!

(August 06, 2018)

AT (Rs)



GAIN (Rs)

ALL TIME WINNERS

RECO PRICE

PEAK PRICE

OUR PACKAGES

Super Combo

Powerful mix of both trader and investor packs with timely expert advice.

Technical

Designed especially for traders looking to tap the profit opportunities of volatile markets.

Fundamental

For all investors looking to unearth stocks that are poised to move.