# Companies (Consolidation) Act 1908, Paragraph 103


The directors shall cause true accounts to be kept—
Of the sums of money received and expended by the company and the matter in respect of which such receipt and expenditure takes place, and
Of the assets and liabilities of the company.

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Source: https://www.legislation.gov.uk/ukpga/Edw7/8/69/schedule/FIRST/paragraph/103 (the official version)
Page: https://openlegislation.uk/companies-consolidation-act-1908/schedule-FIRST/paragraph-103
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.