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General Ledger Entries

Function

Finances

PIB

No

RRSDA Number

1997-023

Department

University Bookstore

Description, purpose and use of records

The records consist of data regarding incoming payments which is entered into the general ledger.

Retention periods

Records Active Retention
Semi-Active Retention   Total retention Final disposition
Cashier's Office CY + 1 year 5 years CY + 6 years Destroy
         
         
         

Active = Active Retention Period, Keep in Office; Semi-Active = Semi-Active Retention period, transfer to University Records Centre; CY = Current calendar year; CFY = Current fiscal year; CS = Current semester; S/O = Superseded or obsolete; OPR = Office of Primary Responsibility; Non-OPR = All other departments

Authorities

These records are created, used, retained and managed in accordance with the following authorities:

  • Income Tax Act

 

Retention rationale

These records are required by the Cashier's Office for administrative, fiscal and legal use until the expiration of the total retention period, after which they can be destroyed in accordance with the Income Tax Act (RSC 1952, c. 148, s. 230).

Status

RRSDA is in force

Approval Date

29 Oct 1998

Last Revised Date