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Sole (NA)     16 May 2015

Maintenance of books for self help groups

An NGO has formed self-help groups in villages. These SHGs now have substantial corpus. The NGO issues funds to these SHGs for various heads of expenditures such as payments to workers and teachers for small schools. These SHGs do not maintain proper books of accounts at all. Can the NGO be held responsible for such non-maintenance of books?

 

Thanks in advance.



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 1 Replies

Hardeep (Business)     17 May 2015

If  the NGO is taking these funds as its operational expenses in its P&L account then proper receipts, books etc will have to be maintained, AFAIK.


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