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February 2012

Bharat Petroleum Corporation Ltd. (31-3-2011)

By Himanshu Kishnadwala, Chartered Accountant
Reading Time 1 mins
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From Significant Accounting Policies

Fixed assets

Expenditure incurred generally during construction period of projects on assets like electricity transmission lines, roads, culverts, etc. the ownership of which is not with the company are charged to revenue in the accounting period of incurrence of such expenditure.

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