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September 2012

Bajaj Electricals Ltd (31-3-2012)

By Himanshu V. Kishnadwala
Chartered Accountant
Reading Time 1 mins
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Basis of Preparation
All assets and liabilities have been classified as current or non-current as per the Company’s normal operating cycle and other criteria set out in the Revised Schedule VI to the Companies Act, 1956. Based on the nature of products and the time between the acquisition of assets for processing and their realisation in cash and cash equivalents, the Company has ascertained its operating cycle as 12 months for the purpose of current or noncurrent classification of assets and liabilities.
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