Co-operatives Act, 2005 (Act No. 14 of 2005)

Regulations

Co-operatives Administrative Regulations, 2016

Chapter 2 : Winding Up and Judicial Management of Co-operatives

Part A : Winding-Up of Co-operatives

Liquidation, trading, distribution and contribution accounts and application of proceeds

106. Trading account
Purchase cart Previous page Return to chapter overview Next page

 

A trading account must contain an accurate record of—

(a)the value of the stock on hand at the commencement of the winding-up;
(b)the value of the stock on hand on the last day of the period in respect of which the account is made up;
(c)the daily totals of receipts and payments in connection with the business.