Accounting Policies of Praveen Properties Ltd. Company

Mar 31, 2015

1. ACCOUNTING CONCEPTS : The Accounts are prepared under historical cost convention, and mercantile system of accounting is followed.

2. DEPRECIATION : Depreciation is provided under the written down value method as per the rates specified in the Companies Act, 2013.

3. VALUATION STOCK OF MATERIALS etc.. : Stock of materials is valued at cost, work-in-progress have been valued including cost of materials and labour, transport charges.

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Mar 31, 2014

1. ACCOUNTING CONCEPTS : The Accounts are prepared under historical cost convention, and mercantile system of accounting is followed.

2. DEPRECIATION : Depreciation is provided under the written down value method as per the rates specified in the Companies Act, 1956.

3. VALUATION STOCK OF MATERIALS etc.. : Stock of materials is valued at cost, work-in-progress have been valued including cost of materials and labour, transport charges.

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Mar 31, 2013

1. ACCOUNTING CONCEPTS: The Accounts are prepared under historical cost convention, and mercantile system of accounting is followed.

2. DEPRECIATION: Depreciation is provided under the written down value method as per the rates specified in the Companies Act, 1956.

3. VALUATION STOCK OF MATERIALS etc..: Stock of materials is valued at cost, work-in-progress have been valued including cost of materials and labor, transport charges.

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Mar 31, 2012

1. ACCOUNTING CONCEPTS: The Accounts are prepared under historical cost convention, and mercantile system of accounting is followed.

2. DEPRECIATION : Depreciation is provided under the written down value method as per the rates specified in the Companies Act: 1956.

3. VALUATION STOCK OF MATERIALS etc.. : Stock of materials is valued at cost, work-in-progress have been valued including cost of materials and labour, transport charges.

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Mar 31, 2010

1. ACCOUNTING CONCEPTS: The Accounts are prepared under historical cost convention, and mercantile system of accounting is followed.

2. DEPRECIATION: Depreciation is provided under the written down value method as per the rates specified in the Companies Act, 1956.

3. VALUATION STOCK OF MATERIALS etc.. : Stock of materials is valued at cost, work-in-progress have been valued including cost of materials and labour, transport charges.