Jurong Town Corporation Act 1968 · 2020 Revised Edition · Part 3 · Provisions Relating to Corporation
23. Bank account and accounting records
Feedback & supportAll moneys paid to the Corporation must forthwith be paid into such banks as may be decided by the Corporation.
Corporation
“Corporation” means the Jurong Town Corporation established under section 3;
The accounting records of the Corporation must distinguish between capital and revenue transactions.
records
“records”, in relation to the transferor, means registers, papers, documents, minutes, receipts, books of account and any other record, however compiled, recorded or stored, of the transferor existing on the eve of the transfer date;
Moneys received by way of loans must be shown separately in the books and accounts and in the balance sheet of the Corporation.