Common use of In the Accounts Clause in Contracts

In the Accounts. (a) stock (except long term contract balances) was valued in the same way as in the audited accounts of each Group Company for the two preceding financial years and on the basis of the lower of cost and net realisable value;

In the Accounts. (a) 1. stock (except long term contract balances) was valued in the same way as in the audited accounts of each Group Company for the two preceding financial years and on the basis of the lower of cost and net realisable value;

In the Accounts. (a) stock (except long term contract balances) was valued in the same way as in the audited accounts of each Group Company the Vendor for the two preceding financial years and on the basis of the lower of cost and net realisable value;