K Provisions and Contingent Assets :
Provisions are recognised only when there is a present obligation as a result of past events and when a reliable estimate of the amount of the obligation can be made. Contingent liability is disclosed for i) possible obligations, which will be confirmed only by future events not wholly within the control of the company or ii) present obligation arising from past events where it is not probable that an outflow of resources will be required to settle the obligation or a reliable estimate of the amount of the obligation cannot be made. Contingent assests are not recognised in the financial statements since this may result in the recognition of income that may may never be realised.
L Cash and Cash Equivalents
Cash and cash equivalents comprise cash and cash on deposit with banks and corporations. The Company considers all highly liquid investments with a remaining maturity at the date of purchase of three months or less and that are readily convertible to known amounts of cash to be cash equivalents.
M Provision & Contingent Liability
The company creates a provision when there is a present obligation as a result of past event that probably requires an outflow of resources and reliable estimate can be made of the amount of the obligation. A disclosure lor a contingent liability is made when there is a possible obligation or a present obligation that may, but probably will not require an outflow of resources. When there is a possible obligation in respect of which the likelihood of outflow of resources is remote, no provision or disclosure is made.
For S D Jain & Co For Moksh Ornaments Limited
Chartered Accountants FRN: 121521W
Shantilal D Jain Proprietor
Mem. No. 110218 Director Director
Amrit J Shah Jawanmal M Shah
Place: Mumbai Din No : 0530125Din No : 05301300
Date : 02/05/2025
UDIN: 25110218BMGUUU6106
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