Retirement example sentences

The accounting treatment on the retirement of a bill is similar to the accounting treatment when a bill is honoured by the acceptor on the due date in the ordinary course.An important point in connection with bill receivables and bills payable books is that they only record the transactions relating to drawing and acceptance of bills, all other transactions do not record the entire range of transactions relating to the bills, e.g. relating to bills discounted, endorsement, retirement, renewal etc.To encourage the retirement of the bill, the holder allows some discount called Rebate on bills for the period between date of retirement and maturity.A partnership gets terminated in case of admission, retirement death, etc.You have learnt about the reconstitution of a partnership firm which takes place on account of admission, retirement or death of a partner.On retirement he was persuaded by his Commanding Officer, Norgate, to write his memoirs.Once the retirement is over, the bank hands over the import documents to the importer.The acceptance of bill of exchange for the purpose of getting delivery of the documents is known as retirement of import documents.For example, at the time of retirement of a partner, the accounting period can be different from twelve months period.