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Accounting Policies of RSC International Ltd. Company

Mar 31, 2014

A. Financial statements have been prepared in accordance with the historical conventions on accrual basis in accordance with the provisions of Companies Act 1956.

b. Fixed assets are stated at cost of acquisition including preoperative expenses capitalized less accumulated depreciation.

c. Depreciation on plant and machinery is provided on written down value method at the rates prescribed in Schedule XIV of the Companies Act 1956.

d. Investments are stated at the cost of acquisition.

e. Preliminary expenses are amortized over a period of 5 years.

f. Inventories are valued at cost of purchase or production.


Mar 31, 2013

A. Financial statements have been prepared in accordance with the historical cost convention on accrual basis in accordance with the provisions of Companies Act, 1956.

b depreciation of acquisition deluding preoperative expenses capitalized less accumulated

C Depreciation on plant & machinery is provided on written down value method at the rates prescribed in Schedule-XIV of the Companies Act, 1956.

d. Investments are stated at cost of acquisition.

e. Preliminary expenses are amortized over a period of five years.

f. Inventories are valued at cost of purchase or production.


Mar 31, 2012

A. Financial statements have been prepared in accordance with the historical cost convention on accrual basis in accordance with the provisions of Companies Act, 1956.

b. Fixed assets are stated at cost of acquisition including preoperative expenses capitalized less accumulated depreciation.

c. Depreciation on plant & machinery is provided on written down value method at the rates prescribed in Schedule-XIV of the Companies Act, 1956.

d. Investments are stated at cost of acquisition.

e. Preliminary expenses are amortised over a period of five years.

f. Inventories are valued at cost of purchase or production.


Mar 31, 2011

A. Financial statements have been prepared in accordance with the historical cost convention on accrual basis in accordance with the provisions of Companies Act, 1956.

b. Fixed assets are stated at cost of acquisition including preoperative expenses capitalized less accumulated depreciation.

c. Depreciation on plant & machinery is provided on written down value method at the rates prescribed in Schedule-XIV of the Companies Act, 1956.

d. Investments are stated at cost of acquisition.

e. Preliminary expenses are amortised over a period of five years.

f. Inventories are valued at cost of purchase or production.


Mar 31, 2010

A. Financial statements have been prepared in accordance with the historical cost convention on accrual basis in accordance with the provisions of Companies Act, 1956.

b. Fixed assets are stated at cost of acquisition including preoperative expenses capitalized less accumulated depreciation.

c. Depreciation on plant & machinery is provided on written down value method at the rates prescribed in Schedule-XIV of the Companies Act, 1956.

d. Investments are stated at cost of acquisition.

e. Preliminary expenses are amortised over a period of five years.

f. Inventories are valued at cost of purchase or production.

 
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