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Accounting Policies of Bridge Securities Ltd. Company

Mar 31, 2014

(A) Basis of Accounting:

The accounts have been prepared on historical cost concept basis of accounting the company adopts the accrual system of accounting.

(B) Revenue Recognition : All the income is accounted for on accrual basis.

(C) Expenses : All the expenses including interest and finance charges are provided on accrual basis.

(D) Fixed Assets : All the fixed assets are valued at cost less depreciation.

(E) Depreciation : Depreciation is provided on straight line basis at the rates prescribed under schedule XIV of the Companies Act, 1956.In respect of leased assets the company follows the method derived from the guidance note issued by The Institute of Chartered Accountants ofIndia under which 100% ofthe cost of the assets is depreciated over the primary leased period.

(F) Sock In trade (Closing Stock) : Stock in trade is valued at market prices.

(G) Preliminary Exps. Preliminary expenses are being amortized over a period of ten years.


Mar 31, 2010

(A) Basis of Accounting:

The accounts have been prepared on historical cost concept basis of accounting the company adopts the accrual system of accounting.

(B) Revenue Recognition: All the income is accounted for on accrual basis.

(C) Expenses: All the expenses including interest and finance charges are provided on accrual basis.

(D) Fixed Assets: All the fixed assets are valued at cost less depreciation.

(E) Depreciation: Depreciation is provided on straight line basis at the rates prescribed under schedule XIV of the Companies Act, 1956.ln respect of leased assets the company follows the method derived from the guidance note issued by The Institute of Chartered Accountants of India under which 100% of the cost of the assets is depreciated over the primary leased period.

(F) Sock In trade (Closing Stock): Stock in trade is valued at market prices.

(G) Preliminary Exps. Preliminary expenses are being amortized over a period of ten years.

 
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