Definition of PRC Accounting Principles


PRC Accounting Principles means generally accepted accounting principles and standards in the PRC that is applicable to the Borrower from time to time.
Sample 1

Examples of PRC Accounting Principles in a sentence

The audited or unaudited financial statements (including the Original Financial Statements) provided by the Borrower pursuant to the Business Finance Documents were prepared in accordance with the PRC Accounting Principles, and represented a true and fair view of the Borrower's financial condition by the date of the financial statements in any material respect.