Singapore legislation
Section 23
Section 23
Bank account and accounting records
Amended by7/7111/787/71
(1)
All moneys paid to the Corporation shall forthwith be paid into such banks as may from time to time be decided by the Corporation.
Amended by7/7111/78
(2)
The accounting records of the Corporation shall distinguish between capital and revenue transactions.
Amended by7/71
(3)
Moneys received by way of loans shall be shown separately in the books and accounts and in the balance-sheet of the Corporation.