SENSEX NIFTY
Moneycontrol.com India | Accounting Policy > Finance - Leasing & Hire Purchase > Accounting Policy followed by Ashari Properties & Finances - BSE: 512602, NSE: N.A
YOU ARE HERE > MONEYCONTROL > MARKETS > FINANCE - LEASING & HIRE PURCHASE > ACCOUNTING POLICY - Ashari Properties & Finances
Ashari Properties & Finances
BSE: 512602|SECTOR: Finance - Leasing & Hire Purchase
SET ALERT
|
ADD TO PORTFOLIO
|
WATCHLIST
Ashari Properties & Finances is not traded in the last 30 days
Ashari Properties & Finances is not listed on NSE
«
Accounting Policy Year : Sep '98
1. Valuation :
 		
 i. Fixed Assets - At Cost less Accumulated Depreciation
 		
 ii. Investments - At Cost
 	
 2. Physical Verification
 
 Fixed Assets are physically verified by the management in such a manner
 that all assets are verified at least once in every year.
 
 3. Depreciation
 
 i. Leased Assets are depreciated by the method derived from the guidance note issued by The Institute of
Chartered Accountants of India under which 100% of the cost of the assets is depreciated over the primary
lease period.
 
 ii. Depreciation on other assets is provided on straight line method as
 per Schedule XIV of the Companies Act, 1956.
 
 4. Revenue Recognition
 
 i. Income from leasing is taken into account on the date instalment of
 lease rental falls due.
 
 ii. Dividend income is accounted for on receipt basis.
 
 iii. In respect of other heads of income, the company follows the practice of accounting such income on
accrual basis.
 
 5. Expenses :
 
 Expenses are accounted for on accrual basis.
 
 6. Inventories :
 
 Inventories i.e. Stock-in-Trade consist of shares which are valued at
 cost or market price whichever is lower.
Source : Dion Global Solutions Limited
Quick Links for asharipropertiesfinances
Explore Moneycontrol
Stocks     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | Others
Mutual Funds     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.