Highland Industries Ltd. कंपली की लेखा नीति

Mar 31, 2011

A. Basis of Accounting :

The company follows mercantile system of accounting and recognizes income and expenditure on accrual basis except those with significant uncertainties.

b) Fixed Assets

Fixed assets are stated at cost of acquisition fess accumulated depreciation.

c) Valuation of Investment & Inventories

Investment & Inventories are valued at cost or market value which ever is less.

b. Recognition of Income & Expenditure.

All Income & Expenditure are accounted on accrual basis.

Additional information as required under para IV of schedule VI to the companies Act,1956.

---

Mar 31, 2010

A. Basis of Accounting :

The Accounts have been prepared on the basis of historical costs.

b. Recognition of Income & Expenditure.

All Income & Expenditure are accounted on accrual basis.

c. Valuation of Investments & Inventories

Investments & Inventories are valued at Cost.