(1) Every Municipality shall follow the Chart of Accounts, accounting and budgeting procedures and maintain or cause to maintain such books of account as prescribed in these rules to adequately record all incomes, expenditures, assets and liabilities in respect of each Fund.
(2) Each Municipality shall also maintain or cause to maintain the forms and registers prescribed in Schedule VI to these rules, to record all financial transactions.
9. Maintenance of books of account and records— (1) The books of account, forms and registers shall be maintained in 11 Kannada. However, the headings or titles may be both in Kannada and English and the figures may be in Hindu Arabic numerals.
(2) The pages of books of account, registers, and all receipts, shall be serially numbered. All records shall be affixed with the municipal seal. The number of pages of each book or register shall be certified in writing before its use, after actual verification on the first page, by the head of the office or other person duly authorised by him.
CHAPTER 3 BOOKS OF ACCOUNT
10. Books of Account– (1) Every Municipality shall maintain its books of account in respect of each Fund, separately for each financial year.
(2) The Municipality shall maintain the following books of account;
(i) Cash Book;
(ii) Bank Book;
(iii) Journal Book; and
(iv) General Ledger and Sub-ledger.