Section 56255 Of Article 6. Financing Charges And Financial Statements From California Food And Agricultural Code >> Division 20. >> Chapter 7. >> Article 6.
56255
. (a) Every licensee shall prepare and preserve the accounts,
records, and memoranda required by this chapter which shall fully and
correctly disclose all transactions involved in his business.
Licensees shall keep records which are adapted to the particular
business that the licensee is conducting and in each case such
records shall fully disclose all transactions in the business in
sufficient detail as to be readily understood and audited. Minimum
records required under this chapter are:
1. A record of cash received.
2. A record of cash disbursed.
3. A general ledger or its equivalent.
4. A record of amounts due California producers.
5. A record of amounts due others.
(b) Every licensee shall prepare and preserve records and
memoranda required by this chapter which shall fully and correctly
disclose the true ownership and management of such business.
(c) All records required to be kept under this chapter shall be
kept for a period of four years.