Mar 31, 2011
(A) Basis of Preparation of Financial Statements:
i) The financial statements have been prepared under the historical
cost convention, in accordance with the generally accepted accounting
principles and the provision of the companies act, 1956 as adopted
consistently by the company.
ii) All Income and Expenditure items having a material bearing on the
financial statement are recognized on accrual basis.
(B) Revenue Recognition:
Expenses and Income considered payable and receivable respectively are
accounted for on accrual basis.
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