Property rights: It has the rights over its property like land, plant machinery

etc. which can be seen in the balance.

Business entity: In page 54, share capital is under the liability section, implying
that the owners investment is the company is treated as liability of the entity.
Going concern: On page 17, it is explicitly mentioned that accounts have been
prepared on a going concern basis.
Monetary expression in accounts: In page 97, we can see that land, plant,
factory building etc are all valued in monetary terms.
Matching concept: In page 70, we can see that trade receivables is there
which is an implication of matching concept.
Realisation concept: In page 62, section 1.6, we can see that the revenue
recognition is done only when the transfer of risk and reward has taken place.
Consistency between accounting periods: In page 60, changes in
accounting policy has been clearly mentioned in the notes.
Diversity among independent entities: Subsidiaries to the firm that is Bodal
Agrotech which is in a different business compared to Bodal Chemicals but have
been accounted using the same accounting principles.
Conservatism: In page 102, we can see that the written off bad debts are
recognised as expense which implies that we have reduced the value based on
impairment.
Materiality: In page 74, we can see that packing material has been shown as an
expense rather than showing it on the balance sheet as an asset.
Timeliness in financial reporting: BS is prepared on an annual basis (31 st
march of every year), so the report shows that it has been timely.
Dependability of data through internal control: In page 21, we can see that
the auditor has mentioned that reports were prepared using reasonable basis
and he also has certified the report. So the data is dependable.