Moneycontrol Be a Pro
Get App
SENSEX NIFTY
Moneycontrol.com India | Accounting Policy > Finance - General > Accounting Policy followed by Alka Securities - BSE: 532166, NSE: N.A
YOU ARE HERE > MONEYCONTROL > MARKETS > FINANCE - GENERAL > ACCOUNTING POLICY - Alka Securities

Alka Securities

BSE: 532166|ISIN: INE921C01031|SECTOR: Finance - General
SET ALERT
|
ADD TO PORTFOLIO
|
WATCHLIST
LIVE
BSE
Oct 17, 15:40
0.19
0
VOLUME 200
Alka Securities is not listed on NSE
Mar 13
Accounting Policy Year : Mar '14
ACCOUNTING CONCEPTS:
 
 The Company follows mercantile system of accounting, and recognises
 income and expenses on accrual basis.
 
 FIXED ASSETS:
 
 Fixed Assets are recorded at cost of acquisition including the
 expenditure incurred in connection with the acquisition and
 installation of the assets.
 
 DEPRECIATION:
 
 Depreciation is provided on written down value method in accordance
 with the rates and in the manner provided in the Schedule XIV to the
 Companies Act, 1956.
 
 INVESTMENTS:
 
 All the investments are long term investments and are stated at cost.
 
 BORROWING COSTS
 
 Borrowing costs that are attributable to the acquisition or
 construction of qualifying assets, the assets that take substantial
 period of time to get ready for intended use, are capitalised as part
 of the cost of such
 
 INTANGIBLE ASSET:
 
 Intangible Assets are stated at cost of acquisition less accumulated
 amortization.
 
 REVENUE RECONGNITION:
 
 Service Receipts are recognized on completion of provision of services
 and are recorded inclusive of all the relevant taxes and duties. The
 same is recognized as income on completion of transaction and at the
 time
 
 RETIREMENT BENEFITS:
 
 The Company does not have defined employee retirement policy as the
 employee strength does not exceed the statutory minimum.
 
 IMPAIRMENT OF ASSETS
 
 An asset is treated as impaired when the carrying cost of the Asset
 exceeds its recoverable value. An impairment loss is charged to the
 Profit & Loss account in the year in which an asset is identified as
 impaired.
 
 USE OF ESTIMATES
 
 The preparation of financial statements requires management to make
 estimates and assumption that affect the reported amounts of assets and
 liabilities on the date of financial statements, the reported amount of
 
 EARNINGS PER SHARE
 
 The Company reports basic and diluted earnings per share in accordance
 with AS20 Earnings Per Share. Basic earnings per share are computed
 by dividing the net profit or loss for the period by the weighted
 
 PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS
 
 Contingent liabilities as defined in AS-29 Provisions, Contingent
 Liabilities and Contingent Assets are disclosed by way of notes to
 accounts. Provision is made if it becomes probable that an outflow of
 future
 
 TAXES ON INCOME:
 
 Current tax is determined as the tax payable in respect of taxable
 income for the year.
 
 
 
Source : Dion Global Solutions Limited
Quick Links for alkasecurities
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.