Books Records Reports and Bank Accounts. 8.1 Maintenance of Books 46 8.2 Financial Statements 46 8.3 Bank Accounts 46 8.4 Fiscal Year 46
Books Records Reports and Bank Accounts. A. At all times during the continuance of the Partnership, the Management Committee shall keep or cause to be kept true and complete books of account, in which shall be entered fully and accurately the transactions of the Partnership. Such books shall be kept on an accrual basis, in accordance with generally accepted accounting principles. The Management Committee shall cause to be prepared and delivered to each Partner, within 120 days after the expiration of each fiscal year of the Partnership, a balance sheet, statement of income or loss, and a statement of profit or loss of the Partnership for federal income tax purposes and distributions thereof to each Partner, as well as quarterly and annual statements of Net Cash Flow pursuant to Section 6. If either Partner so requires, such balance sheet and statements shall be certified after audit by an independent certified public accountant selected by the Management Committee, the fees of such accountant to be paid by the Partnership.
Books Records Reports and Bank Accounts. Paragraph 9.01
Books Records Reports and Bank Accounts
