Moh Ltd. కంపెనీ అకౌంటింగ్ విధానాలు

Mar 31, 2009

(1) Valuation of Inventories:-

Inventories of Stores & Spares and Raw Material are valued at cost. Finished Goods are valued at lower of cost or market value.

(2) Deferred Revenue Expenditure:-

Quarry Development, Public Issue Expenses and Preliminary Expenses have been considered to be of enduring nature. They are treated as Deferred Revenue Expenditure to be written- off over a period of five year.

(3) Fixed Assets:-

Tangible fixed assets are stated at cost less depreciation.

(4) Depreciation :-

Depreciation on fixed assets has been provided on Straight Line Method at rates stated in Schedule XIV of the Companies Act, 1956 existing at the time of capitalization.

(5) Basis of Accounting:-

The Financial statements have been prepared under the historical cost convention in accordance with generally accepted accounting principles. The Company follows accrual basis of accounting both as to Income and Expenditure.

(6) Revenue Recognition:-

Revenue from Services rendered is recognized as the service is performed.