Electric Control Gear India Ltd. कंपली की लेखा नीति

Sep 30, 2010

A: ACCOUNTING CONVENTION :

The accounts are prepared under the historical cost convention and on the basis of going concern. All expenses and income to the extent considered payable and receivable respectively, unless stated otherwise, have been accounted for on mercentile basis

B: FIXED ASSETS :

Fixed assets include all expenditure of capital nature and are stated at cost.

C: Accounting policies not specifically referred to are consistent with generally accepted accounting practices.

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Sep 30, 2008

A: ACCOUNTING CONVENTION :

The accounts are prepared under the historical cost convention and on the basis of going concern. All expenses and income to the extent considered payable and receivable respectively, unless stated otherwise, have been accounted for on mercantile basis.

B: FIXED ASSETS :

Fixed assets include all expenditure of capital nature and are stated at cost.

C: DEPRECIATION:

The company has not provided depreciation during the year, however on calculation of depreciation as on Straight Line method at the rates and the manner specified in Schedule XIV of The Companies Act, 1956 on all its assets comes to Rs. 24525/-.

D: TREATMENT OF RETIREMENT BENEFITS :

Retirement benefits are accounted for as and when paid.

E: Accounting policies not specifically referred to are consistent with generally accepted accounting practices.

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Sep 30, 2007

A: ACCOUNTING CONVENTION :

The accounts are prepared under the historical cost convention and on the basis of going concern. All expenses and income to the extent considered payable and receivable respectively, unless stated otherwise, have been accounted for on mercantile has is.

B: FIXED ASSETS :

Fixed assets include all expenditure of capital nature and are stated at cost. .

C: DEPRECIATION:

The company has not provided depreciation during the year, however on calculation of depreciation as on Straight Line method at the rates and the manner specified in Schedule- XIV of The Companies Act, 1956 on all its assets comes to Rs. 24525/-.

D: TREATMENT OF RETIREMENT BENEFITS :

Retirement benefits are accounted for as and when paid.

E: Accounting policies not specifically referred to are consistent with generally accepted accounting practices.