§ 147.5. Control accounts.

 (a)  Dealers shall maintain in their general ledgers, or equivalent books of record, separate control accounts covering the following items:

   (1)  Accounts receivable arising from sale of merchandise.

   (2)  Amounts due a dealer for loans, advances, notes and equipment.

   (3)  Payments made to customers for any purpose.

 (b)  Dealers shall maintain a subsidiary record for each customer or subdealer in support of the control accounts.

---

No part of the information on this site may be reproduced for profit or sold for profit.

This material has been drawn directly from the official Pennsylvania Code full text database. Due to the limitations of HTML or differences in display capabilities of different browsers, this version may differ slightly from the official printed version.