Subscribe to BCA Journal Know More

September 2012

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

By Himanshu V. Kishnadwala, Chartered Accountant
Reading Time 1 mins
fiogf49gjkf0d
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.

Download PDF

You May Also Like

Hindustan Unilever Ltd (31-3-2012)

Larsen & Toubro Ltd (31-3-2012)