Ill. Admin. Code tit. 50, § 8100.1722 - General Books
An independent escrowee shall establish and maintain current the following books with reference to its general accounts:
a) general ledger reflecting the assets,
liabilities, capital, income and expense of the business, in accordance with
generally accepted accounting principles (Accounting Standards of the Financial
Accounting Standards Board of the American Institute of Certified Public
Accountants (1989)); and
b) cash
receipt and disbursement journals.
Notes
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