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136f. Books and records. (a) Requirements. The Administrator may prescribe regulations requiring producers, registrants, and applicants for registration to ...
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What is books and records?
Books and records refer to the documentation and data that a company maintains to record its financial transactions and activities.
Who is required to file books and records?
All businesses, organizations, and individuals who engage in financial transactions are required to file books and records.
How to fill out books and records?
Books and records are typically filled out by recording all financial transactions, including income, expenses, assets, and liabilities, in a systematic and organized manner.
What is the purpose of books and records?
The purpose of books and records is to provide an accurate record of a company's financial activities, which can be used for decision-making, financial reporting, and compliance purposes.
What information must be reported on books and records?
Information that must be reported on books and records includes income, expenses, assets, liabilities, purchases, sales, payroll, and taxes.
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