Goa Fruit Specialities Ltd. कंपली की लेखा नीति

Mar 31, 2012

(i) System of accounting: The company adopts the accrual basis in preparation of the accounts except for items mentioned otherwise herein below and there is no change in the method of accounting.

(ii) Fixed Assets: The fixed Assets are capitalized at cost including incidental expenditure incurred in connection with purchase of the fixed assets.

(iii) Investments: Investments are valued at cost.

(iv) Pre-operative expenses/Income: The expenditure/Income incurred/earned during construction period till completion of the project are debited/credited to pre operative expenses pending allocation.

(v) Foreign currency Transaction: Expenditure in foreign currency is converted at the rate of exchange prevailing on the date of transaction.

(vi) Income Recognition: Dividend income is accounted for on cash basis.

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Mar 31, 2011

(i) System of accounting: The company adopts the accrual basis in preparation of the accounts except for items mentioned otherwise herein below and there is no change in the method of accounting.

(ii) Fixed Assets: The fixed Assets are capitalized at cost including incidental expenditure incurred in connection with purchase of the fixed assets.

(iii) Investments: Investments are valued at cost.

(iv) Pre-operative expenses/Income: The expenditure / Income incurred / earned during construction period till completion of the project are debited / credited to pre operative expenses pending allocation.

(vi) Income Recognition: Dividend income is accounted for on cash basis.

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Mar 31, 2010

(i) System of accounting: The company adopts the accrual basis in preparation of the accounts except for items mentioned otherwise herein below and there is no change in the method of accounting.

(ii) Fixed Assets: The fixed Assets are capitalized at cost including incidental expenditure incurred in connection with purchase of the fixed assets.

(iii) Investments: Investments are valued at cost.

(iv) Pre-operative expenses/Income: The expenditure / Income incurred / earned during construction period till completion of the project are debited / credited to pre operative expenses pending allocation.

(v) Foreign currency Transaction: Expenditure in foreign currency is converted at the rate of exchange prevailing on the , date of transaction.

(vi) Income Recognition: Dividend income is accounted for on cash basis.

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Mar 31, 2009

(i) System of accounting

The company adopts the accrual basis in preparation of the accounts except for items mentioned otherwise herein below and there is no change in the method of accounting.

(ii) Fixed Assets

The fixed Assets are capilalized at cost including .incidental expenditure incurred in connection with purchase of the fixed assets.

(iii) Investments

Investments arc valued at cost.

(iv) Pre-operative expenses/Income

The expenditure/ Income incurred / earned during construction period till completion of the project are debited / credited to pre - operative expenses pending allocation.

(v) Foreign currency Transaction

Expenditure in foreign currency is converted at the rate of exchange prevailing on the date of transaction.