Section 173(4) in The M.P. Municipal Accounts Rules, 1971
(4)reserve fund, etc.;and should show the net profit at the end of the year.(iv)Balance Sheet. - This should show on one side the liabilities e.g., capital invested, deposits, sundry creditors, reserve fund, etc., on the other side the assets e.g. the cash balance store at the close of the year, sundry' debtors, etc.(b)Water Works
