(b)

1. (1) General accounting records shall be maintained on a double entry system of accounting with transactions recorded on the accrual basis.
2. (2) Detailed, supporting, subsidiary records sufficient to meet the requirements of subsection (c) of this section shall also be maintained in accordance with the requirements of this section.
3. (3) The franchise holder will submit to the Arkansas Racing Commission for its approval a chart of accounts and accounting classification in order to ensure consistency, comparability, and effective disclosure of financial information.
4. (4) The chart of accounts shall provide the classifications necessary to prepare the standard financial statements required by 23 CAR § 355-905.
5. (5) The prescribed chart of accounts shall be the minimum level of detail to be maintained for each accounting classification by the franchise holder.

6. (6)

   1. (A) The franchise holder shall not use other than the prescribed chart of accounts but may, with the permission of the commission, expand the level of detail for some or all accounting classifications and/or alter the account numbering system.
   2. (B) In such instances, the franchise holder shall provide to the commission, upon request, a cross-reference from the prescribed chart of accounts.

(c) The detailed, supporting, and subsidiary records shall include, but not necessarily be limited to:

1. (1) Records supporting the accumulation of the costs and number of persons, by category of service, for regulated complimentary services;
2. (2) Records of all investments, advances, loans, and receivable balances due to the establishment;
3. (3) Records related to investments in property and equipment;
4. (4) Records which identify the gross wagering revenue, payout, win amounts, and percentages will be reported daily, and theoretical win amounts and percentages, and differences between theoretical and actual win amounts and percentages, for each EGS periodically, as requested by the commission;
5. (5) Records of all loans and other amounts payable by the establishment; and
6. (6) Records provided for in the system of internal accounting controls submitted to the commission.