CA Food & Agric Code Section 55724

(a)

Every licensee shall prepare and preserve the accounts, records, and memoranda required by this chapter which shall fully and correctly disclose all transactions involved in his business. Licensees shall keep records which are adapted to the particular business that the licensee is conducting and in each case such record shall fully disclose all transactions in the business in sufficient detail as to be readily understood and audited. Minimum records required under this chapter are: 1.A record of cash received. 2.A record of cash disbursed. 3.A general ledger or its equivalent. 4.A record of amounts due California producers. 5.A record of amounts due others.

(b)

Every licensee shall prepare and preserve records and memoranda required by this chapter which shall fully and correctly disclose the true ownership and management of such business.