Uniroll Leather India Ltd. कंपली की लेखा नीति

Mar 31, 2010

1 Accounting Convention :- The financial statements are prepared under the historical cost convention in accordance with applicable mandatory accounting standards and relevant presentational requirements of the Companies Act, 1956.

2 Fixed Assets :- Fixed Assets are stated at cost less accumulated depreciation.

3 Depreciation :- Depreciation on Fixed Assets has been provided on Written Down Value method at the rates and in the manner specified in Schedule XIV to the Companies Act, 1956.

4 Preliminary and Share Issue Expenses :- The preliminary and share issue expenses will be amortised on commencement of commercial activities.

5 Gratuity and Accumulated Leave :- Considering the financial position of the company, the gratuity and leave encashment are accounted for as and when due.

6 Income Recognition :- The income is recognised on accrual basis.