Authority: IC 26-3-7-3

Affected: IC 26-3-7-28

Sec. 2. (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. (1) a general journal in which periodic adjusting entries are recorded;
2. (2) a cash receipts journal;
3. (3) a cash disbursements journal;
4. (4) periodic detailed aging of accounts receivable;
5. (5) periodic listing of accounts payable;
6. (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; readopted filed Nov 1, 2019, 10:20 a.m.: 20191127-IR-824190178RFA; readopted filed Nov 13, 2025, 2:21 p.m.: 20251210-IR-824240636RFA)