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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. However Interest on long term advances to staff and Grants received from GOI is accounted for on receipt basis. Retirement Benefits Society is a non-profit organization under the administrative control of Ministry of Culture & Tourism. It receives grant from GOI for its expenditur
1. 2. 3. 4. 5. 5.1 5.2 5.3 6. 7. 8. 8.1 8.2
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