374. Carrying on business.

374.     Carrying on business.

Where the trustee1 carries on any business of the bankrupt, he must:

  1.  

    (1)     keep a separate and distinct account of the trading, including, where appropriate, particulars of all local bank account2 transactions; and

  2.  

    (2)     incorporate in the financial records required to be kept by him3 the total weekly amounts of the receipts and payments made by him in relation to the account kept under head (1) above4.