1. (a) General ledger reflecting the assets, liabilities, capital, income and expense of the business, in accordance with generally accepted accounting principles;

2. (b) Cash receipt and disbursement journal.

   The bank accounts contained in the general ledger shall be reconciled at least once each month with the bank statements of the general accounts.

An escrow agent shall establish and maintain currently the following books with reference to its general accounts:

Note: Authority cited: Sections 17400 and 17401, Financial Code. Reference: Section 17404, Financial Code.

History

1. New section filed 3-3-52; effective thirtieth day thereafter (Register 27, No. 5).

2. Amendment filed 6-27-74; effective thirtieth day thereafter (Register 74, No. 26).

3. Amendment filed 7-8-83; effective thirtieth day thereafter (Register 83, No. 28).

4. Editorial correction of printing errors in subsections (a) and (b) (Register 96, No. 52).