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.