# The Investment Trusts (Approval of Accounting Methods for Creditor Relationships) Order 2001, Article 3: Approval of the use of accounting methods


The accounting methods that are approved for use for the creditor relationships of investment trusts for the purposes of paragraph 1 of Schedule 10 are—
(a) the method (“the main method”) contained in a Statement of Recommended Practice issued by the Association of Investment Trust Companies bearing the date December 1995 (“the Statement”), as modified by article 4 of this Order;
(b) the method contained in the Statement as varied by a Guidance Note issued by that Association on 8th January 1997 (“the simple method”), and as modified by article 4.

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Source: https://www.legislation.gov.uk/uksi/2001/391/article/3 (the official version)
Page: https://openlegislation.uk/investment-trusts-approval-of-accounting-methods-for-creditor-relationships-order-2001/article-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.