Meaning of Books of Account as per Companies Act

Meaning of Books of Account as per Companies Act

Meaning of “Books of Account” as per Section 2(13) of the Companies Act includes  records maintained in respect of—

(i) all sums of money received and expended by a company  and matters in relation to which the receipts and expenditure
take place;
(ii) all sales and purchases of goods and services by the company;
(iii) the assets and liabilities of the company; and

(iv) the items of cost as may be prescribed under section 148 in the case of a company which belongs to any class of
companies specified under that section;