86
CurrentAccounting records and statement of accounts
Part 8Community corporation
Division 1Functions
Subdivision 3Financial management
86 Accounting records and statement of accounts
(1)
A community corporation must keep proper accounting records of its income and expenditure.
(2)
A community corporation must prepare a statement of accounts for each financial year showing —
(a)
the assets and liabilities of the community corporation at the end of the financial year; and
(b)
the income and expenditure of the community corporation for the financial year.
This Act’s bill:Explanatory memorandumSecond reading speech
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