Abram Food Ltd. कंपली की लेखा नीति

Mar 31, 2025

a ACCOUNTING CONVENTION

Ttia financial statements have been prepared under-the historical cost convention using the mercantile method of •
accounting and on the basis of going concern. These statements have been prepared Inaccordance with the applicable
-accounting standards.aa prescribed under section 133 of the Companies Act 2013, read with Rule 7 of Companies
(Accounts) Rule 2014 and relevant provisions of the Companies Act, 2013.

b REVENUE RECOGNITION !

income from operation are recorded at invoice value net of taxes If any. Claims on account of price variations I escalations
are adjusted to sales as and When admitted. - ''

o PROPERTY, PLANT AND EQUIPMENT -

Property, plant and equipment are stated at their anginal cost alongwiffi taxes, duties, freight and other incidental
expenditure less accumulated depreciation. - ''

d DEPRECIATION

Depreciation on Property, plant and equipment Is charged bn written down valua method al the rales and In the manner
specified In schedule ] I of The Companies Act, 2013.

e INVENTORIES

Inventories are valued at cost pdee.

f TAXATION .

Provision for tax Is made for currant tax and deferred tax. Current tax Is provided on the basis of taxable income
computed In accordance with the provisions of Income Tax Act. 1961.''DererTedTax Assets /Liabilities arising on account
of timing differences between booh profit and taxable profit and which are capable of reversal In subsequent periods and is
recognized considering the tax rates and tax laws that have boon enacted or subsequently enacted.

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Mar 31, 2024

a ACCOUNTING CONVENTION

The financial statements have been prepared under the historical cost convention using the mercantile method of
accounting and on the basis of going concern. These statements have been prepared iriaccordance with the applicable
accounting standards as prescribed under section 133 of the Companies Act 2013, read with Rule 7 of Companies
(Accounts) Rule 2014 and relevant provisions of the Companies Act, 2013. ''

b REVENUE RECOGNITION

Income from operation are recorded at invoice value net of taxes if any. Claims on account of price variations / escalations
are adjusted to sales as and when admitted .

C PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment are stated at their original cost aiongwith taxes, duties, freight and other incidental
expenditure less accumulated depreciation.

d DEPRECIATION

Depreciation on Property, plant and equipment is charged on written down value method at the rates and in the manner
specified in schedule II of The Companies Act, 2013.

e INVENTORIES

Inventories are valued at cost price.

f TAXATION

Provision for tax is made for current tax and deferred tax. Current tax is provided on the basis of taxable income
computed in accordance with the provisions of Income Tax Act. 1961. Deferred Tax Assets / Liabilities arising on account
of timing differences between book profit and taxable profit and which are capable of reversal in subsequent periods and is
recognized considering the tax rates and tax laws that have been enacted or subsequently enacted.