Goldwon Textiles Ltd. कंपली की लेखा नीति

Mar 31, 2015

A) ACCOUNTING CONVENTION:

The Company follows the mercantile system of accounting. Accounting policies, not specifically referred to otherwise are consistent with the generally accepted Accounting Standards.

b) RETIREMENT BENEFITS:

Provision for gratuity has not been made since there are no employees on the rolls of the company during the financial year 2014-15

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Mar 31, 2014

A) ACCOUNTING CONVENTION:

The Company follows the mercantile system of accounting. Accounting policies, not specifically referred to otherwise are consistent with the generally accepted Accounting Standards.

b) FIXED ASSETS:

Fixed Assets are stated at their original cost of acquisition, including taxes, freight and other incidental expenses incurred in connection with the erection, commissioning/construction of the said assets, less accumulated depreciation.

c) RETIREMENT BENEFITS

Provision for gratuity has not been made since there are no employees on the rolls of the company during the financial year 2013-14

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Mar 31, 2012

A) ACCOUNTING CONVENTION:

The Company follows the mercantile system of accounting. Accounting policies, not specifically referred to otherwise are consistent with the generally accepted Accounting Standards.

There are no operations during the year and the company has prepared its accounts on a going concern basis based on the OTS from banks and future plans for revival, and is hopeful of turning around.

b) FIXED ASSETS:

Fixed Assets are stated at their original cost of acquisition, including taxes, freight and other incidental expenses incurred in connection with the erection, commissioning/construction of the said assets, less accumulated depreciation.

c) RETIREMENT BENEFITS

Provision for gratuity has not been made since there are no employees on the rolls of the company during the financial year 2011-12

d) FOREIGN CURRENCY TRANSACTIONS:

Export transactions in foreign currency are booked at the rate of exchange prevailing at the time of the transaction. Gain or loss, if any, on actual realization due to exchange fluctuations are booked in the year of such realization.

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Mar 31, 2011

A) ACCOUNTING CONVENTION:

The Company follows the mercantile system of accounting. Accounting policies, not specifically referred to otherwise are consistent with the generally accepted Accounting Standards.

There are no operations during the year and the company has prepared its accounts on a going concern basis based on the OTS from banks and future plans for revival, and is hopeful of turning around.

b) FIXED ASSETS:

Fixed Assets are stated at their original cost of acquisition, including taxes, freight and other incidental expenses incurred in connection with the erection, commissioning/construction of the said assets, less accumulated depreciation.

c) RETIREMENT BENEFITS

Provision for gratuity has not been made since there are no employees on the rolls of the company during the financial year 2010-11.

d) FOREIGN CURRENCY TRANSACTIONS:

Export transactions in foreign currency are booked at the rate of exchange prevailing at the time of the transaction. Gain or loss, if any, on actual realisation due to exchange fluctuations are booked in the year of such realisation.

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Mar 31, 2010

A) ACCOUNTING CONVENTION:

The Company follows the mercantile system of accounting. Accounting policies, not specifically referred to otherwise are consistent with the generally accepted Accounting Standards.

There are no operations during the year and the company has prepared its accounts on a going concern basis based on the OTS from banks and future plans for revival, and is hopeful of turning around.

b) FIXED ASSETS:

Fixed Assets are stated at their original cost of acquisition, including taxes, freight and other incidental expenses incurred in connection with the erection, commissioning/construction of the said assets, less accumulated depreciation.

c) RETIREMENT BENEFITS

Provision for gratuity has not been made since there are no employees on the rolls of the company during the financial year 2009-10

d) FOREIGN CURRENCY TRANSACTIONS:

Export transactions in foreign currency are booked at the rate of exchange prevailing at the time of the transaction. Gain or loss, if any, on actual realisation due to exchange fluctuations are booked in the year of such realisation.