ETP Corporation Ltd. कंपली की लेखा नीति

Mar 31, 2014

A. The financial statements are prepared under historical cost convention and in accordance with generally accepted accounting principles (except otherwise referred elsewhere in these notes) and materially comply with the mandatory accounting standards specified in Companies (Accounting Standards) Rules,2006 and the Guidance Notes issued by The Institute of principles (except otherwise referred elsewhere in these notes) and materially comply with the mandatory accounting Chartered Accountants of India and the applicable provisions of the Companies Act, 1956.

B. Generally all items of Income and Expenditure having material effect on profitability are recognized on accrual basis.

C. Preliminary expenses are being amortized over a period of five years commencing from the current financial year in which commercial activities were commenced.

D. Investments are stated at cost. Fall, if any, in value of unquoted Investments could not be ascertained due to non-availability of their Balance Sheet.

E. Unquoted Shares : At cost or fair value whichever is lower. OR

Unquoted shares are valued "At Cost" and not at "Lower of cost or fair value/Break up Value" as prescribed under AS-13.

F. REVENUE RECOGNITION

a) Income is recognised as per the terms of contract with customers when the services are rendered.

G. EXPENDITURE RECOGNITION

a) All the expenses are accounted for on accrual basis

H. TAXATION

a) Tax expense comprises of current Current income tax is measured at the amount expected to be paid to the tax authorities in accordance with the Income Tax Act 1961.

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Mar 31, 2013

A. The financial statements are prepared under historical cost convention and in accordance with generally accepted accounting principles (except otherwise referred elsewhere in these notes) and materially comply with the mandatory accounting standards specified in Companies (Accounting Standards) Rules,2006 and the Guidance Notes issued by The Institute of principles (except otherwise referred elsewhere in these notes) and materia lly comply with the mandatory accounting Chartered Accountants of India

B. Generally all items of Income and Expenditure having material effect on profitability are recognized on accrual basis.

C. Preliminary expenses are being amortized over a period of five years commencing from the current financial year in which.

D. Investments are stated at cost. Fall, if any, in value of unquoted Investments could not be ascertained due to non-availability of their Balance sheet.

E. Unquoted Share:At Cost or fair value whichever is lower.

Unquoted shares are valued "At Cost" and not at "Lower of cost or fair value/Break up Value" as prescribed under AS-13.

a) Income is reconised as per the terms of contract with customers when the services are rendered.

F. REVENUE RECOGNTION

a) Tax expense comprises of current Current income tax is measured at the amount expected to be paid to the tax authorities.

G. EXPENDITURE RECOGNITION

a) All the expenses are account for on accrual basic.

H. TAXTATION

a) Tax expense compress of current pncome tax is measured at the amount expected to be paid to the tax authorities in accordance with the income Tax Act 1961.

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Mar 31, 2012

A. The financial statements are prepared under historical cost convention and In accordance with generally accepted accounting principles (except otherwise referred elsewhere In these notes) and materially comply with the mandatory accounting standards specified in Companies (Accounting Standards) Rules,2006 and the Guidance Notes issued by The Institute ofprinciples (except otherwise referred elsewhere in these notes) and materially comply "with the mandatory accounting Chartered Accountants of India andtheapplicable provisions of the Companies Act. 1956.

B. Generally all items of Income and Expenditure having materia I effect on profitability are recognized on accrual basis.

C. Preliminary expenses are being amortized over a period of five years commencing from the current financial year in which commercial activities were commenced.

D. Investments are stated at cost. Fall, if any, in value of unquoted Investments cou d not be ascertained due to non-availability of their Balance Sheet.

E. Unquoted Shares : At cost or fair value whichever is lower.

OR Unquoted shares are valued "At Cost"" and not at "Lower of cost or fair value/Break up Value" as prescribed under AS-I3.

F. REVENUE RECOGNITION :-

a) Income is reconised as per the terms of contract with customers when the services are rendered.

G. EXPENDITURE RECOGNITION :-

a) All the expenses are accounted for on accrual basis

H. TAXATION :-

a) Tax expense comprises of current Current income tax is measured at the amount expected to be paid to the tax authorities in accordance "with the Income Tax Act 1951.

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Mar 31, 2011

1 Basis of Accounting ;

The financial statements are prepared under the historical cost convention and comply with the mandatory accounting standards and statements issued by The Institute of Chartered Accountants of India and The Companies Act, 1956. Ad income and expenditure having a material bearing on the financial statements are recognised on accrual basis.

2 Fixed Assets:

Fixed Assets are valued at Cost Less Depreciation

3 Depreciation:

Depreciation on Fixed Assets is provided at Straight Line Method in Accordance with Schedule XVI to the Companies Act, 1956 but restricted to the period of use during the year.

4 Investments : Investments are stated at cost.

5 Inventories:

Inventories are valued at cost.

6 Miscellaneous Expenditure:

Public Issue Expenses & Share Issue Expenses are being proportionately written off over a period of Ten Years

7 Previous year's figure have been re-arranged and re-grouped wherever considered necessary, to make them comparable to those of the current year.

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Mar 31, 2010

1 Basis of Accounting:

The financial statements are prepared under the historical cost convention and comply with the mandatory accounting standards and statements issued by The Institute of Chartered Accountants of India and The Companies Act, 1956. All income and expenditure having a material bearing on the financial statements are recognised on accrual basis.

2 Fixed Assets:

Fixed Assets are valued at Cost Less Depreciation

3 Depreciation:

Depreciation on Fixed Assets is provided at Straight Line Method in Accordance with Schedule XVI to the Companies Act, 1956 but restricted to the period of use during the year.

4 Investments: Investments are stated at cost.

5 Inventories:

Inventories are valued at cost.

6 Miscellaneous Expenditure:

Public Issue Expenses & Share Issue Expenses are being proportionately written off over a period of Ten Years

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Mar 31, 2009

1. Basis of Accounting :

The financial statements are prepared under the historical cost convention and comply with the mandatory accounting standards and statements issued by The Institute of Chartered Accountants of India and The Companies Act, 1956. All income and expenditure having a material bearing on the financial statements are recognised on accrual basis.

2. Fixed Assets:

Fixed Assets are valued at Cost Less Depreciation

3. Depreciation:

Depreciation on Fixed Assets is provided at Straight Line Method in Accordance with Schedule XVI to the Companies Act, 1956 but restricted to the period of use during the year.

4. Investments: Investments are stated at cost.

5. Inventories:

Inventories are valued at cost.

6. Miscellaneous Expenditure:

Public Issue Expenses & Share Issue Expenses are being proportionately written off over a period of Ten Years