SENSEX NIFTY
Moneycontrol.com India | Accounting Policy > Dyes & Pigments > Accounting Policy followed by Sriman Petrochemicals - BSE: 524626, NSE: N.A
YOU ARE HERE > MONEYCONTROL > MARKETS > DYES & PIGMENTS > ACCOUNTING POLICY - Sriman Petrochemicals
Sriman Petrochemicals
BSE: 524626|SECTOR: Dyes & Pigments
SET ALERT
|
ADD TO PORTFOLIO
|
WATCHLIST
Sriman Petrochemicals is not traded in the last 30 days
Sriman Petrochemicals is not listed on NSE
«
Accounting Policy Year : Mar '97
 1. Basis of Accounting: The accounts have been prepared in conformity  with the generally accepted
accounting principles as enunciated by the  relevant authorities and are based on the accrual basis of
accounting.
 
 2. Depreciation:
 (i) Leasehold land is not depreciated.
 (ii) Other Fixed Assets are depreciated on the straight line method at 
 the rates prescribed in Schedule XIV to the Companies Act, 1956.
 
 3. Amortisation: The Preliminary and Public issue expenses are amortised over a period of  ten years in
equal installments.
 
 4. Inventories: Inventories are valued at lower of cost or net realisable value.
 
 5. Retirement Benefits: Contribution to Provident Fund and Employees State Insurance Fund are made monthly
as per rules applicable and  ebited to Profit & Loss  Account on accrual basis. No provision for liability
under the Payment of Gratuity Act is necessary since the  payment of Gratuity Act is not applicable.
Source : Dion Global Solutions Limited
Quick Links for srimanpetrochemicals
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.