Thapar Exports Ltd. कंपली की लेखा नीति

Jun 30, 2012

A. ACCOUNTING CONVENTIONS

The Financial Statements have been prepared under the Historical Cost Convention in accordance with applicable Accounting Standards and relevant disclosure of the Companies Act, 1956.

B. FIXED ASSETS

Fixed Assets are stated at cost less accumulated depreication. Cost of acquistion/ construction is inclusive of freigh, duties, taxes & other incidental expenses.

C. DEPRECIATION

The Company has followed the straight line method of depreciation. The depreciation for the year has been provided in accordance with the rates and in manner as specified in schedule XIV of the Companies Act, 1956.

D. INVENTORIES

The basis of valuation for different categories of inventory are as follows:

Raw Materials & Stores & Spares : At Cost

Finished Goods : At Cost or market price whichever is less

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Jun 30, 2010

A. ACCOUNTING CONVENTIONS

The financial statements have been prepared under the historical Cost Convention in accordance with applicable Accounting Standards and relevant disclosure of the Companies Act, 1956.

B. FIXED ASSETS

Fixed Assets are stated at cost less accumulated depreciation. Cost of acquisition/construction is" inclusive of freight, duties,taxes other incidental expenses.

C. DEPRECIATION

The Company has followed the straight line method of depreciation. The depreciation for the year has been provided in accordance with the rates and in manner as. specified in Schedule XIV of the Companies Act, 1956.

D. INVENTORIES

The basis of valuation for different categories of inventory are as follows :

Raw Materials & Stores & Spares : At Cost

Finished Goods : At cost or market price whichever is less