NOTE 1 NOTES ON ACCOUNT 1.ACCOUNTING POLICIES A)SYSTEM OF ACCOUNTING these auditors financial statement have been brpared to comply in all material aspects with applicable accounting principle in indie the applicable accounting standards brscribed under section 133 of the companies act 2013 read with rule 7 of the companies rules 2014 the provision of the act and other accounting principles generally accepted in india to the extent applicable the financial statement of the company have been combined on a line by line basis adding together the book values of like items of assets liability income and expendes the financial statement have been brpared using uniform accounting policies for like transaction and other events in similary circumstances the accounting policies adopted in the brpareation of financial are consistent with of pervious year all assets and have been classified as current or nor current as per the group normal operating cycle and other criteria set out in the schedule III to the companies act 2013 eased on the nature of products and the time between accusation of assets for processing and a their realization in cash and cash the group has ascertained its operating cucle as 12 month for the purpose of current non current classification of assets and liabilities . DEbrCATION debrcation on fixed assets is provided in compliance of schedule ii of the companies act 2013 read with relevant circular issued by the department of company law affaires form fime to time . c)brliminary and share issue expenses brliminary and share issuer exbrsses has been amortized over ten year 2. contingent liabilities : nil 1.figures of the brvious year has been rearranged & regrouped wherever deemed necessary 2. noted no 19 notes on account from an integral part of the accounts As per our report of evin date annexd For a.k.khattar b association Chartered accountant AK KHATTAR PROPRIETOR M.NO.084960 PLACE : NAHADURGARH,HARYANA DATE ; 30.05.2015 |