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moneycontrol.com भारत | लेखांकन नीति > Computers - Software Medium & Small > लेखांकन नीति फॉलोड से टी स्प्रिचुअल वर्ल्ड - बीएसई: 532444, NSE: N.A

टी स्प्रिचुअल वर्ल्ड

बीएसई: 532444  |  NSE: N.A  |  ISIN: INE541C01037  |  Computers - Software Medium & Small

खोजें टी स्प्रिचुअल वर्ल्ड कनेक्शन मार्च 13
लेखांकन नीति साल : मार्च '14
1.  Accounting System:
 
 a) Financial statements are prepared in accordance with the generally
 accepted accounting principles including mandatory applicable
 accounting standards in India and relevant presentational requirement
 of the Companies Act, 1956, under historical cost convention, on
 accrual basis and ongoing concern concept, unless otherwise stated.
 
 b) All Expenses, Revenue from Operations and Other Income are accounted
 for on Accrual basis.
 
 2.  Use 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. Difference
 between the actual results and estimates are recognized in the period
 in which the results are known/ materialized.
 
 3.  Inventories:
 
 Finished Goods / Stock-In Trade are valued at lower of cost or net
 realizable value. Cost comprises all costs of purchases and other cost
 incurred in bringing the inventory to its present location and
 condition.  Cost is determined on First in First out basis.
 
 4.  Tangible Fixed Assets and Depreciation on Tangible Fixed Assets:
 
 a) Fixed Assets are stated at cost less accumulated depreciation and
 impairment in value, if any.
 
 b) Costs comprised acquisition price or construction cost and other
 attributable costs, if any for bringing the assets to its intended use.
 
 c) Depreciation on Fixed Assets is provided block-wise on written down
 value method (WDV) on prorata basis as per rates prescribed in Schedule
 XIV to the Companies Act, 1956, with respect to the month of addition.
 
 5.  Investments:
 
 a) Long Term Investments are valued at Cost. Provision for diminution
 in the value of Long Term Investments is made only if such a decline
 is, in the opinion of management, other than temporary.
 
 b) Current Investments are carried at lower of cost and fair value.
 
 6.  Provision for Current and Deferred Tax:
 
 Tax expense comprises Current tax and Deferred tax.
 
 a) Provision for current tax is made on the basis of estimated taxable
 income for the current accounting year in accordance with the
 provisions of Income Tax Act, 1961, after considering allowances and
 exemptions.
 
 b) Minimum alternate Tax (MAT) paid in accordance with the tax laws,
 which gives rise to future economic benefits in the form of tax credit
 against future income tax liability, is recognized as an asset in the
 Balance sheet, if there is convincing evidence that the company will
 pay normal tax in future and the resultant asset can be measured
 reliably.
 
 c) Deferred tax resulting from timing difference between taxable and
 accounting income for the reporting year that originate in one year and
 are capable of reversal in one or more subsequent years, is accounted
 for using the tax rates and laws that are enacted or substantively
 enacted as on the balance sheet date.
 
 d) Deferred tax assets are recognized and carried forward only to the
 extent that there is a virtual certainty that the asset will be
 realized in future.
 
 7.  EMPLOYEE BENEFITS:
 
 a) All employee benefits falling due wholly within twelve months of
 rendering the service are recognized in the period in which employee
 renders the related service and charged to the Statement of Profit &
 Loss.
 
 b) None of the employees employed by the Company during the year under
 review, have completed Continuous service period of 5 years and there
 is not any un-availed leave of any employees working with the company
 at the year end. Accordingly, no provision is required to be made in
 respect of Gratuity, Leave encashment and Other Retirement benefits.
 Also No such payment of any retirement benefits have been made during
 the year.
 
 8.  Impairment of assets:
 
 a) An asset is treated as impaired when the carrying cost of the asset
 exceeds its recoverable value being higher of value in use and net
 selling price. Value in use is computed at net present value of cash
 flow expected over the balance useful life of the assets.
 
 b) An impairment loss is recognized as an expense in the Statement of
 Profit and Loss in the year in which an asset is identified as
 impaired. The impairment loss recognized in prior accounting period is
 reversed if there has been an improvement in recoverable amount.
 
 c) In the opinion of the management, there is no impairment of assets
 as on Balance Sheet date.
 
 9.  Provisions, Contingent Liabilities and Contingent Assets:
 
 a) Provisions involving substantial degree of estimation in measurement
 are recognized when there is present obligation as a result of past
 events and it is probable that there will be an outflow of resources.
 Contingent liabilities are not recognized but are disclosed in the
 notes. Contingent assets are neither recognized nor disclosed in the
 financial statements.
 
 b) In the opinion of the management, there are no contingent
 liabilities as on Balance Sheet date and nor any events occurred after
 the Balance Sheet date that affects the financial position of the
 Company.
 
 10.  During the financial year 2013-14, there are not any transactions
 with any suppliers /parties who are covered under ''The Micro Small and
 Medium Enterprises Development Act, 2006''.
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `1116.79 Cr की बिकवाली की
  • MARKET CUES : DIIs ने कैश में `450.36 Cr की बिकवाली की
  • MARKET CUES : FIIs ने F&O में `58.91 Cr की खरीदारी की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `1197.47 Cr की बिकवाली
  • MARKET CUES : इंडेक्स ऑप्शंस में `1280 Cr की खरीदारी
  • MARKET CUES : स्टॉक फ्यूचर्स में `22.75 Cr की बिकवाली
  • MARKET CUES : स्टॉक ऑप्शंस में `1.60 Cr की बिकवाली
  • CS ON AUROBINDO PHARMA : रेटिंग Neutral से घटाकर Underperform
  • CS ON AUROBINDO PHARMA : लक्ष्य `450/Sh से घटाकर `345/Sh
  • HSBC ON BAJAJ FIN : BUY रेटिंग, लक्ष्य `4,860 से घटाकर `3,750/Sh

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