Common use of The Accounts Clause in Contracts

The Accounts. (a) make proper and adequate provision or reserve for all bad and doubtful debts, obsolete or slow-moving stocks and for depreciation on fixed assets; (b) do not overstate the value of current or fixed assets; and (c) do not understate any liabilities (whether actual or contingent).

The Accounts. (a) make proper and adequate provision or reserve for all bad and doubtful debts, obsolete or slow-moving stocks debts and for depreciation on fixed assets; (b) do not overstate the value of current or fixed assets; and (c) do not understate any liabilities (whether actual or contingent).

The Accounts. (a) make proper and adequate provision or reserve for all bad and doubtful debts, obsolete or slow-moving stocks stock and for depreciation on fixed non current assets; (b) do not overstate the value of current or fixed non current assets; and (c) do not understate any liabilities (whether actual or contingent).

The Accounts. (a) make proper and adequate provision or reserve for all bad and doubtful debts, obsolete or slow-moving stocks and for depreciation on fixed assets; (b) do not overstate the estimated value of current or fixed assetsassets at the Accounts Date; and (c) do not understate any liabilities (whether actual or contingent)) at the Accounts Date.

The Accounts. (a) make proper and adequate provision or reserve for all bad and doubtful debts, obsolete or slow-moving stocks and stocks, for depreciation on fixed assetsassets and for liabilities (including contingent liabilities) and Taxation (including deferred Taxation); (b) follow correct sales recognition policies; (c) fully account for all actual incurred and accrued expenses; (d) do not overstate the value of current or fixed assets; and (ce) do not understate any liabilities (whether actual or contingent).

The Accounts. (a) make proper and adequate provision or reserve for all bad and doubtful debts, obsolete or slow-moving stocks inventories and for depreciation on fixed non-current assets; (b) do not overstate the value of current or fixed non-current assets; and (c) do not understate any liabilities (whether actual or contingent).