SG Global Exports Ltd. कंपली की लेखा नीति

Mar 31, 2011

A) ACCCOUNTING CONVENTION : The accompanying financial stale merits have been prepared in accordance with the historical cost convention and in accordance with mandatory Accounting Standard issued by the Institute of Chartered Accountants of India.

b) INVESTMENTS : - Investment has been values at cost and any diminishing in the value of shares is considered temporary

c) REVENUE RECONGNITION : - Income and the expenditure is accounted on accrual basis.

d) FIXED ASSETS : - Fixed assets are slated at original cost plus any directly attributable cost of bringing the assets to their working condition for intended use.

e) DEPRECIATION :- Depreciation is provided on straight-line method at the appropriate rates in accordance with schedule XIV of the companies Act, 1956. Further the dep. has been provided on the computer & scooter keeping in view the residual value of 5%.

f) FOREIGN TRANSACTIONS: - The Company has not transacted any foreign transaction during the year 2010-11

g) CURRENT ASSETS: - There company has no any closing stock as on 31.03.2011

h) PROVISIONS : - The Company has provided for the Provision for income Tax for Rs 1350.00 and Provision for expenses payable has been made for the year 2010-11,

i) PRELIMINARY EXP.: - There is no Preliminary Exp, to be w/off, so no exp. has amorised during the year 2010-11.