Scindia Steam Navigation Company Ltd. कंपली की लेखा नीति

Mar 31, 2010

(i) All income and expenditure are accounted on accrual basis.

(ii) FixedAssets: Fixed Assets are stated at cost less depreciation.

(iii) Depreciation on Assets:

(a) Depreciation is charged on the Reducing Value Method at rates stipulated in Schedule XIV to the Companies Act, 1956.

(b) For addition/deletion of assets, depreciation is charged on pro-rata basis.

(iv) Investments are stated at cost. Cognizance is taken of permanent diminution in value of long term investment and provision is made for such diminution.