Accounting Procedure definition

Accounting Procedure means the principles and procedures of accounting set out in Appendix C.

Accounting Procedure means the procedures set forth in Exhibit B.

Accounting Procedure means the procedure attached to this Agreement as Appendix I.

Examples of Accounting Procedure in a sentence

• By mutual agreement between the Government and the Contractor, this Accounting Procedure may be revised from time to time, in writing, signed by the Parties, stating the date upon which the amendments shall become effective.

• Generally, the purpose of this Accounting Procedure is to set out principles and procedures of accounting which will enable the Government of India to monitor effectively the Contractor’s costs, expenditures, production and income so that the Government’s entitlement to Profit Petroleum can be accurately determined pursuant to the terms of the Contract.

• In the event of any inconsistency or conflict between the provisions of this Accounting Procedure and the other provisions of the Contract, the other provisions of the Contract shall prevail.

• More specifically, the purpose of the Accounting Procedure is to: - classify costs and expenditures and to define which costs and expenditures shall be allowable for cost recovery and profit sharing and participation purposes; - specify the manner in which the Contractor’s accounts shall be prepared and approved; and - address numerous other accounting related matters.

• This Accounting Procedure is intended to apply to the provisions of the Contract and is without prejudice to the computation of income tax under applicable provisions of the Income-Tax Act, 1961, as amended.

More Definitions of Accounting Procedure

Accounting Procedure means the accounting procedure attached to this Agreement as Schedule “C”;

Accounting Procedure means the rules, provisions and conditions set forth and contained in Exhibit A to this Agreement.

Accounting Procedure means the Accounting Procedure attached as Exhibit A.

Accounting Procedure means the rules and procedures set forth in Schedule 2;

Accounting Procedure means the procedure set out in Appendix A hereto;

Accounting Procedure means the accounting procedures and requirements set out in Appendix "B" attached hereto and made an integral part hereof; "The Act" means the Petroleum (Exploration and Production) Act (Cap 308) laws of Kenya, 1986, enacted by the Parliament of the Republic of Kenya;

Accounting Procedure means the accounting procedure that appears in Annex B to this Contract.