Required Accounts Books in a Company

As per Section 209 of the companies Act, 1956 the following books are required :-

• Such books, as are necessary to give a true and fair view of the state of affairs of the company and to explain its transactions, are kept on accrual basis and according to the double-entry system of  book keeping.
• Every company maintains proper books of account with respect to :-
  (i)   all sums of money received and expanded by the company and the matters in respect of which receipts and expenditure take place;
  (ii)   all sales and purchases of goods by the company;
  (iii)  all assets and liabilities of the company; and
  (iv)  utilisation of material or labour or other items of cost in cost accounting records, in case of manufacturing companies.