Section 824IAC2-7-2. Financial records to be maintained

   (a) In addition to the records required in section 1 [of this rule], the licensee shall keep and maintain adequate financial records as will clearly reflect the licensee's current financial position. These records shall include a general ledger or its equivalent which provides a summarization of information reflected in detail in subsidiary records, which may include:

(1) a general journal in which periodic adjusting entries are recorded;

(2) a cash receipts journal;

(3) a cash disbursements journal;

(4) periodic detailed aging of accounts receivable;

(5) periodic listing of accounts payable;

(6) other relevant supporting documents.

  (b) Licensees shall keep a current and accurate checkbook balance. (Indiana Grain Buyers and Warehouse Licensing Agency; 824 IAC 2-7-2; filed Jan 19, 2001, 3:04 p.m.: 24 IR 1659; readopted filed Nov 16, 2007, 2:00 p.m.: 20071212-IR-824070667RFA; readopted filed Nov 27, 2013, 1:30 p.m.: 20131225-IR-824130492RFA)