LAW OF THE KYRGYZ REPUBLIC

of December 7, 2017 No. 201

About introduction of amendments to the Law of the Kyrgyz Republic "About financial accounting"

Accepted by Jogorku Kenesh of the Kyrgyz Republic on November 9, 2017

Article 1.

Bring in the Law of the Kyrgyz Republic "About financial accounting" (Sheets of Jogorku Kenesh of the Kyrgyz Republic, 2002, No. 6, the Art. 273) the following changes:

The name of Chapter II to state 1) in the following edition:

"Chapter II. Requirements to the organization of conducting financial accounting and cash transactions";

2) in Article 7:

a) to state the name of Article in the following edition: "Article 7. Procedure for the organization of conducting financial accounting and cash transactions";

b) add Article with Item 5 of the following content:

"5. The procedure for conducting cash transactions by business entities and budgetary institutions in the Kyrgyz Republic is determined by the Government of the Kyrgyz Republic.

The business entity is understood as the subject determined by that according to the Law of the Kyrgyz Republic "About the competition".

Cash transactions are understood as acceptance, issue and storage of values.

Values are understood as currency values, banknotes and coins, securities and forms of the strict reporting.

Banknotes and coins are the bank notes of different advantage and type issued and which are in circulation according to the legislation of the Kyrgyz Republic.".

Article 2.

This Law becomes effective from the date of official publication.

To the government of the Kyrgyz Republic in three-months time to bring the regulatory legal acts into accord with this Law.

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