§ 149.3. Records.
(a) Each licensee shall keep its books of account and other books, records, and memoranda which support the entries in such books of account so as to be able to furnish readily full information as to any item included in any account. Each entry shall be supported by such detailed information as will permit ready identification, analysis, and verification of all facts relevant thereto.
(b) The books and records referred to in this chapter include not only accounting records but all other records, such as minute books, stock correspondence, and memoranda, which may be useful in developing the history of all facts regarding any transaction.
(c) No licensee shall destroy any such books or records unless the destruction thereof is permitted by this part.
(d) In addition to the accounts prescribed, clearing accounts, temporary or experimental accounts, and subdivisions of any account may be kept, providing the integrity of the prescribed accounts is not impaired.
(e) All amounts included in the accounts prescribed in this chapter for licensees shall be just and reasonable, and any payments or accruals for or by the licensee in excess of just and reasonable charges shall be included in other expenses.
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