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Frontline Financial Services
BSE: 531685|SECTOR: Finance - Investments
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Accounting Policy Year : Mar '12
I.  ACCOUNTING CONVENTION :

The financial statement is prepared under the historical cost convention and follows the mercantile system of accounting and recognizes income and expenditure on the accrual basis except those with significant uncertainties. Sales & Purchase is accounted exclusive of excise duty.

II. FIXED ASSETS :

There Fixed assets are stand at cost of acquisition inclusive of freight, duties, taxes, and inclusive of expenses.

III. DEPRECIATION :

Depreciation on fixed assets is provided on Written Down Value Method at the rate and in the manner prescribed in Schedule XIV of the Companies Act, 1956.

IV. INVENTORIES :

There is no Closing Stock at the year end. In closing Stocks include shares and securities is valued at cost or market price whichever is lower. The stock of Shares and securities is based on the intention of management and other relevant circumstances.

V. INVESTMENT :

All the Investment are Long Term Investment which is stated at cost.

VI. MISCELLANOUS EXPENSES :

There is no any Preliminary Expenditures at the end of the year.

VII. CONTINGENT LIABILITIES :

No Provision is made for liabilities, which are contingent in nature but, if material, the same all disclosed by way notes to the accounts.

Source : Dion Global Solutions Limited
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