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EXCEL - IDEA: XBRL DOCUMENT - GOLDEN ENTERPRISES INCFinancial_Report.xls
10-Q - GOLDEN ENTERPRISES, INC. 10-Q - GOLDEN ENTERPRISES INCa50527077.htm
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v2.4.0.6
Basis of Accounting
6 Months Ended
Nov. 30, 2012
Basis of Accounting
1.  
The accompanying unaudited condensed consolidated financial statements of Golden Enterprises, Inc. (the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial information and with the instructions to Form 10-Q and Article 10 to Regulation S-X.  Accordingly, they do not include all information and footnotes required by GAAP for complete financial statements.  In the opinion of management, all adjustments (consisting only of normal, recurring accruals) necessary for a fair presentation have been included.  For further information, refer to the consolidated financial statements and footnotes included in the Company’s Annual Report on Form 10-K for year ended June 1, 2012 which can be found on our website at www.goldenflake.com/financial.html.