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Moneycontrol.com India | Accounting Policy > Finance - Investments > Accounting Policy followed by DJS Stock and Shares - BSE: 511636, NSE: N.A
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DJS Stock and Shares

BSE: 511636|ISIN: INE234E01027|SECTOR: Finance - Investments
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DJS Stock and Shares is not listed on NSE
Mar 11
Accounting Policy Year : Mar '12
1.Basic  of Accounting

Financial Statements are prepared under historical costs conversations on accrual basis in accordance with the requirements of the Companies Act 1956

2. Revenue and Transaction Recognition

Revenue and Transactions with Stock Exchanges were recognized only for completed settlements

3.Fixed Assets

Fixed assets are slated at cost inclusive of incidental expenses such as freight, octopi etc, incurred by the company The installation and commissioning expenses are also capitalized

4. Inventory

The securities available on hand as on 31-03-2011 where valued at cost or market prices whichever is lower

5. Depreciation

Depreciation on Fixed Assets has been provided on Straight Line Method as per Section 205(2) (b) of the Companies Act. 1956 at the rates and in the manner specified in Schedule XIV of the said Act.

6. Investment

Investments represents the following shares at acquisition cost

7. Contingent Liabilities

There is no contingent liability 18 No employee is eligible for Gratuity

8. Disclosure pursuant to AS-28 on Impairment of Assets

During the year, a review has been done for carrying value of the assets for finding out the impairment, if any The review has not revealed any impairment of assets in terms of AS -28

9. Deferred Tax

Deferred Tax is recognised on timing difference between accounting income and taxable income for the period and reversal of timing differences of earlier periods and quantified using the tax rates as at the balance sheet date

10. Previous year figures

The revised schedule VI has become effective from 1st April 2011 for the preparation of financial statements This has significantly impacted the disclosure and presentation made in the financial statements. Previous year figures have been regrouped / reclassified wherever necessary to correspond to the current year's grouping / classification.

Source : Dion Global Solutions Limited
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