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Moneycontrol.com India | Accounting Policy > Finance - Investments > Accounting Policy followed by Orient Tradelink - BSE: 531512, NSE: N.A
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Orient Tradelink
BSE: 531512|ISIN: INE681D01013|SECTOR: Finance - Investments
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Orient Tradelink is not traded in the last 30 days
Orient Tradelink is not listed on NSE
Accounting Policy Year : Mar '10
(1) BASIC OF ACCOUNTING:

The Company prepares its Financial Statement under the historical cost vonvention in accordance with the generally accepted Accounting Principles and the requirements of the Companies Act, 1956 consistently.

2) INCOME & EXPENDITURE:-

The Company follows mercantile system of Accounting and recognizes items of Income and Expenditure on accrual basis.

(3) FIXED ASSETS AND DEPRECIATION

Depreciation on fixed Assets is provided for on WDV method at the rate prescribed in schedule XIV to the Companies Act, 1956.

(4) EMPOLYEES RETIREMENT BENEFITS

Provision for gratuity is not required as the Company has not employed any new employee during the year.

(5) MISCELLANEOUS EXPENDITURE:-

Preliminary expenses are written off over a period of Ten Year.

(6) INVENTORIES

The inventory has been valued at cost price or market value whichever is less.

Source : Dion Global Solutions Limited
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