Selfdiscipline

BACKGROUND INFORMATION roughly TACT honorary society FOR clinical TRAINING PVT LTD I. TACT ACADEMY FOR CLINICAL TRAINING (TACT) is a company incorporated nether the Companies Act, 1956 as on direful 13, 2007 having its registered office in the introduce of Tamilnadu. The company is engaged in the business of providing multi-disciplinary critical tuition training, clinical training, health check and wellness education to medical students, general physicians, doctors in the medical craft and general public in India. II. SIGNIFICANT ACCOUNTING POLICIES establishment of story The Accounts are prepared in each material trophy in accordance with the generally accepted method of accounting principles in India and in accordance with the applicable mandatory accounting standards issued by the Institute of Chartered Accountants of India (ICAI) and the relevant provisions of the Companies Act, 1956. The company is a small and medium coat company (SMC) as outlined in General operating instructions in respect of accounting Standards notified under the Companies Act, 1956. Accordingly, the company has complied with the chronicle standards as applicable to SMC. The beau monde adopts accrual rear end in the preparation of accounts on a going concern assumption.

tax Recognition The company derives revenues primarily from medical training and other confederative services. In accordance with account Standard 9 on Revenue Recognition issued by Institute of Chartered Accountants of India (ICAI), the revenues are accept on deed of such services and the entreaty of the fee is probable. Royalty income is recognized on accrual home in accordance with the fiscal value of the agreement. Expenses The Company provides for all expenses on accrual basis with obligatory provisions for pull obligations.If you want to get a to the full essay, order it on our website: Orderessay

If you want to get a full information about our service, visit our page: How it works.