Accounting Policies of Linear Industries Ltd. Company

Mar 31, 2014

A. METHOD OF ACCOUNTING

The books of account are maintained on accrual basis as going concern.

b. Income from interest is accounted as and when accrued and dividend, if any, as and when received.

c. Dividend income is accounted as and when received.

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Mar 31, 2013

A. METHOD OF ACCOUNTING

The books of account are maintained on accrual basis as going concern.

b. Income from interest is accounted as and when accrued and dividend, if any, as and when received.

c. Dividend income is accounted as and when received.

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Mar 31, 2012

A. METHOD OF ACCOUNTING

The books of account are maintained on accrual basis as going concern.

b. Income from interest is accounted as and when accrued and dividend, if any, as and when repeived.

c. Dividend income is accounted as and when received.

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Mar 31, 2011

A: METHOD OF ACCOUNTING

The books of account are maintained on accrual basis as going concern.

b. DEPRECIATION

Depreciation has been charged in accordance with the rate prescribed under the straight line method under Schedule XIV to the Companies Act,1956. However during the year there is no depreciation being no such assets at the end of the year.

c. FIXED ASSETS

Fixed Assets are stated at their Original cost of acquisition including incidental expenses related to acquisition and installation of concern assets. Fixed assets are shown net of accumulated depreciation.However, at the end of the year there is no such assets.

d. Income from interest is accounted as and when accrued and dividend, if any, as and when received.

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Mar 31, 2010

A. METHOD OF ACCOUNTING

The books of account are maintained on accrual basis as going concern.

b. DEPRECIATION

Depreciation has been charged in accordance with the rate prescribed under the straight line method under Schedule XIV to the Companies Act, 1956.

c. FIXED ASSETS

Fixed Assets are stated at their Original cost of acquisition including incidental expenses related to acquisition and installation of concern assets. Fixed assets are shown net of accumulated depreciation.

d. Income from interest is accounted as and when accrued and dividend as and when received.

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Mar 31, 2009

A. METHOD OF ACCOUNTING

The books of account are maintained on accrual basis as going concern.

b. DEPRECIATION

Depreciation has been charged in accordance with the rate prescribed under the straight line method under Schedule XIV to the Companies Act, 1956.

C. FIXED ASSETS

Fixed Assets are stated at their Original cost of acquisition including incidental expenses related to acquisition and installation-of concern assets. Fixed assets are shown net of accumulated depreciation.

d. Income from interest is accounted as and when accrued and dividend as and when received.