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Accounting Policies of Beta Kappa Investments Ltd. Company
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.
iv) Based on principles for determination of segments given in
Accounting Standard 17 Segment Reporting issued by The Institute of
Chartered Accountants of India, the companys primary business segment
is Investment Activity, Others represent trading of Consumer Goods &
Groceries as stated above.
v) Fixed assets are stated at cost less depreciation. Depreciation is
provided on Straight Line Method at the rates and in the manner
prescribed in Schedule XIV to the Companies Act, 1956.