Mar 31, 2009
I) Accounts are prepared under the historical cost convention and on
the basis of going concern concept with revenue recognised and expenses
accounted on their accrual and in conformity with standard accounting
policies and mandatory accounting standards issued by the Institute of
Chartered Accountants of India to the extend applicable to the company
and the provisions of the Companies Act 1956.
ii) The company follows mercantile system of accounting.
iii) Expenses prior to the commencement of business have been
classified under Preliminary Expenses, such expenses have been deferred
and amortised over the future benefit of such expenses.
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