Every company must maintain proper books of accounts of its affairs. The following transactions must be entered in the books of accounts of the company which must be kept at its registered office :-
All sums of money received and expended by the company and the matters in respect of which the respect of which the receipt and expenditure took place.
All sales and purchases of goods by the company.
The assets and liabilities of the company.
In the case of a company engaged in production, processing, manufacturing or mining activities, such particulars relating to utilisation of material or other items of cost as may be prescribed relating to certain class of companies as the Central Government may require.