# The Registered Housing Associations (Accounting Requirements) (Scotland) Order 1999, Article 7: General accounting requirements


(1) The balance sheet shall give a true and fair view of the state of affairs of the registered housing association as at the end of the period of account.
(2) The income and expenditure account shall give a true and fair view of the surplus or deficit incurred by the registered housing association for the period of account.

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Source: https://www.legislation.gov.uk/uksi/1999/1073/article/7 (the official version)
Page: https://openlegislation.uk/registered-housing-associations-accounting-requirements-scotland-order-1999/article-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.