which of the following statements regarding record keeping requirements is true electronic storage systems have...

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Accounting

which of the following statements regarding record keeping requirements is true electronic storage systems have separate control and retention guidelines from hard copy books and Records when electronic storage systems are used the taxpayer must also keep a hard backup of digitally stored information examples of supporting documents include cash invoices canceled checks and charge slips companies with gross receipts above 5 million must keep electronic and hard copy records

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