Page 114 - Interest Income - Individuals
P. 114

Records Secured
















              Data Security



              Whether you keep journals and ledgers and

              how you keep them depends on the type of
              business       you     are    in.    For     example,       a
              recordkeeping system for a small business

              might include the following items.
                      •   Business checkbook.

                      •   Daily summary of cash receipts.
                      •   Monthly summary of cash receipts.                                      LOCKED
                      •   Check disbursements journal.

                      •   Depreciation worksheet.
                      •   Employee compensation record.












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