Company in the preparation and presentation of the Accounts:-
Fixed Ass ED s ASS re stated at that historical cost. All cost relating
to acquisition and installation of Fixed Assets circulars issued by the
Departmentof leompany Affairs.
b) Depreciation on Assets acquired during the period is provided on
pro-rata basis with reference to the date of addition/disposal.
Transation in C fore rencies are recorded at the
exchange rates prevailing at the date of transactions. The resulting
gain/loss is recognised in the profit and loss account. There are no
such Inventor RIES used at lower of cost or net realisable value.
II) REVENUE RECOGNITION
a) Revenue from sales of Goods/shares and services rendered is
recognised upon passage of title and rendering of services to the
b) Insurance and other claims, to the extent considered recoverable,
are accounted for in the year of claim.
c) Interest on loans & advances accounts are provided at the rate
mutually decided orally between the parties. If there is no certainty
of recovery of loans & advances the interest thereon is not
d) The e amount of Bad & Doubt full written off from loans & advances
accounts is on the basis of capacity of parties for repayment or
tentative decision of court cases.
III) CASH FLOW
The cash flow statement is prepared as per method prescribed in
accounting Standard- (AS)-3.
IV) CONTINGENT LIABILITIES
Contingent liabilities as defined in accounting Standard (AS)-29 are
disclosed by way of notes to the accounts, ifany.
V) EARNING PER SHARE
The Company reports Basic and Diluted Earnings per Share (EPS) in
accordance with Accounting Standard-20 issued by the Institute of
Chartered Accountants of India. The Basic EPS has been computed
The Company report in outgoing only Trading Hardware and Software
Business. Misc. income includes interest on Loans and Advances accounts
Accordingly it has been disclosed separately in the Profit & Loss
accounts as business activities as prescribed under Accounting