Section 109: The Directors shall cause such accounts to be kept-

(a) of the assets and liabilities of the Company, [Cap. 287 (b) of all sums of money received and expended by the Company, and the matters in respect of which such receipts and expenditure take place, as are necessary to give a true and fair view of the Company's affairs and to explain its transactions. The books of account shall be kept at the office, or at such other place as the Directors shall think fit, and shall always be open to the inspection of the Directors.