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September 2012

Mahindra & Mahindra Financial Services Ltd (31-3-2012)

By Himanshu V. Kishnadwala, Chartered Accountant
Reading Time 1 mins
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Basis for Preparation of Accounts

All assets & liabilities have been classified as current & non – current as per the Company’s normal operating cycle and other criteria set out in the Schedule VI of the Companies Act, 1956. Based on the nature of services and their realisation in cash and cash equivalents, the Company has ascertained its operating cycle as 12 months for the purpose of current and non-current classification of assets & liabilities.

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