Expire example sentences

Assets shown in the balance sheet reflect merely unexpired or unamortised cost.They include acceptances, (bills payable), sundry creditors, advance payments and un-expired discounts, unclaimed dividends, interest accrued but not paid, and other liabilities.Hence, depreciation is an expired cost or expense, charged against the revenue of a given accounting period.Thus, profit or loss is the difference between the realised revenues of the period and the related expired costs.As an accounting term, depreciation is that part of the cost of a fixed asset which has expired on account of its usage and/or lapse of time.If people sell medicines that have expired severe action can be taken against them.In arriving at the maturity date three days, known as days of grace, must be added to the date on which the period of credit expires instrument is payable.As per the accounting concept of income, income (profit) is excess of realised revenues over related expired cost of the period and loss is known as excess of expired cost of a period over related realised revenues of the period.1,00,000) against the revenue for the year 200 This part represents, the expired cost or loss in the value of machine on account of its use or passage of time and is referred to as 'Depreciation'.