Home  »  Company  »  Kansal Fibres Li  »  Quotes  »  Accounting Policy
Enter the first few characters of Company and click 'Go'

Accounting Policies of Kansal Fibres Ltd. Company

Mar 31, 2014

I) Basis of accounting;

The financial statements, other than the cash flow statement, are prepared on accrual basis under the historical cost convention.

II) Fixed assets and depreciation:

Fixed assets are stated at cost less accumulated depreciation. Depreciation is provided on Straight line basis at the rates prescribed under Schedule XIV to the Companies Act, 1956.


Mar 31, 2012

I) Basis of accounting;

The financial statements, other than the cash flow statement, are prepared on accrual basis under the historical cost convention.

II) Fixed assets and depreciation:

Fixed assets are stated at cost less accumulated depreciation. Depreciation is provided on Straight line basis at the rates prescribed under Schedule XIV to the Companies Act, 1956.


Mar 31, 2011

I) Basis of accounting;

The financial statements, other than the cash flow statement, are prepared on accrual basis under the historical cost convention.

II) Fixed assets and depreciation:

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.


Mar 31, 2010

1) ACCOUNTING CONVENTIONS : -

Accounts are maintained under the mercantile system of accounting, adopting historical cost convention.

ii) FIXED ASSETS

Fixed assets are stated at cost less depreciation. Cost comprises of the purchase price and any attributable cost of bringing the assets to its working condition for its intended use.

iii) DEPRECIATION

Depreciation is provided on Straight line method at the rates and in the manner prescribed in Schedule XIV to the Companies Act, 1956.

 
Subscribe now to get personal finance updates in your inbox!