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 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).

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.