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Moneycontrol.com India | Accounting Policy > Finance - Investments > Accounting Policy followed by Shree Salasar Investments - BSE: 503635, NSE: N.A
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Shree Salasar Investments

BSE: 503635|ISIN: INE315N01017|SECTOR: Finance - Investments
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Shree Salasar Investments is not traded in the last 30 days
Shree Salasar Investments is not listed on NSE
Mar 11
Accounting Policy Year : Mar '12
i) Basis of accounting:

Generally mercantile system of accounting is followed.

ii) Investments:

a) Investments being long term in nature are valued at cost of acquisition and related expenses such as brokerage and stamp duties.

b) Temporary fall in market value of investment are not provided for

iii) Revenue recognition:

a) Interest income is recognized on a time proportion basis depending upon amount outstanding and the rate applicable.

b) Brokerage income is recognized on completion of the transaction.

iv) a) Fixed Assets are stated at cost of acquisition less depreciation.

b) The depreciation on fixed assets are charged on Written Down Value basis as per rates prescribed in Schedule XIV of Companies Act, 1956.

v) Retirement benefits are treated on cash basis.

Source : Dion Global Solutions Limited
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