Accounting and Business Practice; Corporation Accounting and Banking

Accounting and Business Practice; Corporation Accounting and Banking

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1903 edition. Excerpt: ...the sum of the last two. Make out the Recapitulation and Proof blank. Bills on hand, $10,760; coin, $987.25. You have given to the paying teller during the day $2900. The remaining items of the proof are taken from the receiving teller's daily check sheet footings. The debit and credit sides of your proof should balance. Submit the receiving teller's work to your teacher for approval. WORK OF THE PAYING TELLER The records of the paying teller in this set are to be found on the paying teller's daily check sheets. Paying Teller's Daily Check Sheet and Proof.--A great variety of forms of this sheet is used by banks. The nature of the records in this department would depend upon the general routine and volume of the work of any particular bank. The sheet on pages 324 and 325, with slight modifications, is representative of the paying teller's records in many large banks of the country. As will be readily seen, all money paid out or received by the paying teller at the time of such disbursement or receipt is entered on this daily check sheet. Recapitulation and Proof.--At the close of each day's business the paying teller prepares the proof, showing the character and condition of the cash on hand, and the receipts and disbursements during the day. The items of this proof may be explained as follows: Receipts 1. Balance on hand from the previous day's proof. 2. Bills and coin received from the receiving teller at the close of the previous day's business. 3. Bills and coin received from the note teller at the close of the previous day's business. 4. Cash transferred from the receiving teller during the day. 5. Receipts for collection and exchange. 6. Receipts for the sale of drafts. 7. Balance (if any) paid by the clearing house. The...
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Product details

  • Paperback | 42 pages
  • 189 x 246 x 2mm | 95g
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236571371
  • 9781236571373