Mar 31, 2015
1. Accounts are prepared on Historical Cost Convention accruing for incomes, expenditures, assets and liabilities.
2. a. Income from Project Consultancy is accrued considering stage wise completion of work, wherever agreed upon or feasible, otherwise it is accrued on percentage basis based on the quantum of work completed.
b. Income from Broking Services is accounted on accrual basis.
3. Miscellaneous Expenditure are written off as follows:
a. Preliminary expenses, Preoperative expenses (Other than under (b) below) & Public issue expenses pro-rata over 5 years.
b. Computer Software Â Equally over 3 years.