Section 131:

131. Accounting records to be kept (1) Subject to subsection (2), the Chief Executive of a local authority, other than a Village Council, shall cause accounting records to be kept which— (a) correctly record and explain the transactions of the local authority; (b) shall at any time enable the financial position of the local authority to be determined with reasonable accuracy; (c) shall enable the preparation of financial statements that comply with this Act; and (d) shall enable the financial statements of the local authority to be readily and properly audited. (2) The accounting records shall contain— (a) entries of money received and spent each day and the matters to which they relate; (b) a record of the assets and liabilities of the local authority; (c) a record of goods bought and sold that identifies the goods and buyers and sellers, together with relevant invoices; (d) a record of stock held at the end of the accounting period of the local authority, together with records of any stocktaking during that period. [Issue 9] L18 – 76 (2) Revised Laws of Mauritius