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CENTRE FOR CULTURAL RESOURCES AND TRAINING
Schedule 24 - Significant Accounting Policies and Notes to Accounts
Accounting Convention The financial statements are prepared on the basis of historical cost convention. Method of Accounting These accounts are based on the accrual method of accounting. Investments Investments for GPF are considered as long term investments and are carried at cost. However the interest accrued on GPF investments for this financial year is R 1918785.00 Fixed Assets Fixed Assets are stated at cost less depreciation. The assets as shown in the Balance Sh
1. 2. 3. 4. 4.1 4.2 4.3 5. 6. 7. 7.1 7.2 7.3
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