Draft example sentences



ASB submits the draft of the standards to the Council of the ICAI, which finalises them and notifies them for use in the presentation of the financial statements.For the last two years all our bad news had come from there the lost battles, the draft, the orders of the commanding officer and I thought to myself, without stopping, What can be the matter now? Then, as I hurried by as fast as I could go, the blacksmith, Wachter, who was there, with his apprentice, reading the bulletin, called after me, Don t go so fast, bub; you ll get to your school in plenty of time! I thought he was making fun of me, and reached M.The aggregate of the net cash flows (or use) is worked out and is shown as, Net Increase Decrease in cash and Cash Equivalents' to which the amount of 'cash and cash equivalent at the beginning' is added and thus the amount of 'cash and cash equivalents at the end' is arrived at as shown in Figureure This figureure will be the same as the total amount of cash in hand, cash at bank (or overdraft) and cash equivalants (if any) given in the balance sheet (see Illustrations 7 to 10).As mentioned earlier in connection with the export procedure, documentary bill of exchange can be of two types: documents against payment (sight draft) and documents against acceptance (usance draft).But in the case of usance draft, the drawer instructs the bank to hand over the relevant documents to the importer against acceptance of the bill of exchange.On the other hand, the credit balance as per the cash book indicates bank overdraft.As far back as in 1928, Motilal Nehru and eight other Congress leaders drafted a constitution for India.Several rounds of thorough discussion took place on the Draft Constitution, clause by clause.Current liabilities include creditors, bills payable, outstanding expenses, provision for taxation net of advance tax, bank overdraft, short-term loans, income received in advance, etc.A collateral security may be defined as a subsidiary or secondary or additional security besides the primary security when a company obtains a loan or overdraft from a bank or any other financial Institution.For example, Ankit buys goods from Bishan, he may postpone the payment by accepting a draft drawn by Bindu upon him.Normally, it includes all current liabilities, but sometimes it refers to current liabilities less bank overdraft.(or sometimes OD) means that there is an overdraft and called debit balance as per passbook.In fact, the closing balance in this account (difference between the total amount of receipts and payments) which is usually a debit balance reflects cash in hand and cash at bank unless there is a bank overdraft.The moment the importer agrees to sign the sight draft, the relevant documents are delivered.

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