Every society and branch shall—
(a) cause its accounts to be regularly entered in the prescribed books, separate accounts being kept of all moneys received or paid on account of every particular fund or benefit assured by the society or branch for which a separate table of contributions payable is adopted, distinct from all moneys received and paid on account of any other benefit or fund; and
(b) keep a separate account of the expenses of management of the society and of all contributions on account thereof.