Mar 31, 2014
(A) The Company generally follows mercantile method of accounting
except the following which are accounted on cash basis.
i) Gratuity and incentives to employees
ii) Income from investment
iii) Claims and interest due on overdue bills.
iv) Closing Stock valued at cost.
(B) Depreciation on fixed assets have been provided on straight line
method as per schedule XIV of the Companies Act, 1956, on Single Shift
Basis.
Mar 31, 2013
(A) The Company generally follows mercantile method of accounting
except the following which are accounted on cash basis.
i) Gratuity and incentives to employees
ii) Income from investment *
iii) Claims and interest due on overdue bills.
iv) Closing Stock valued at cost.
(B) Depreciation on fixed assets have been provided on straight line
method as per schedule XIV of the Companies Act, 1956, on Single Shift
Basis.
Mar 31, 2010
(A) The Company generally follows mercantile method of accounting
except the following which are accounted on cash basis.
i) Gratuity and incentives to employees
ii) Income from investment
iii) Claims and interest due on overdue bills.
(B) Depreciation on fixed assets have been provided on straight line
method as per schedule XIV of the Companies Act, 1956, on Single shift
basis.
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