Sections 386 to 389 apply to LLPs, modified so that they read as follows -

"386. Duty to keep accounting records

(1) Every LLP must keep adequate accounting records.

(2) Adequate accounting records means records that are sufficient -

(a) to show and explain the LLP's transactions,

(b) to disclose with reasonable accuracy, at any time, the financial position of the LLP at that time, and

(c) to enable the members of the LLP to ensure that any accounts required to be prepared comply with the requirements of this Act.

(3) Accounting records must, in particular, contain -

(a) entries from day to day of all sums of money received and expended by the LLP and the matters in respect of which the receipt and expenditure takes place, and

(b) a record of the assets and liabilities of the LLP.

(4) If the LLP's business involves dealing in goods, the accounting records must contain -

(a) statements of stock held by the LLP at the end of each financial year of the LLP,

(b) all statements of stocktakings from which any statement of stock as is mentioned in paragraph (a) has been or is to be prepared, and