Loose-Leaf Book-Keeping and Accounting; The Science Underlying the Practice of These Arts

Loose-Leaf Book-Keeping and Accounting; The Science Underlying the Practice of These Arts : Fully Illustrated by Many Specimen Forms, Illustrations, and Rulings

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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. 1905 edition. Excerpt: ...proceed on the Lexicon plan. A simple ruling for a small bank consists of the following columns: (See Plate No. 22.) Date, Memo., Checks, Deposits, Balance. urrt Ntii Larger banks use the following: Date, Checks in Detail, Total Checks, Deposits, Balance. (See plate No. 23). 111 II II U II llll II II II II II It is a very easy matter to have two or three columns for the checks in detail, and by doing this it obviates to a great extent the "double double" ruling, as it gives three times the posting capacity to each page. One large trust and banking company in New Orleans uses a form with: Date, Checks in Detail (Two Columns), Total Checks (Dividing Line), Date, Memo., Credits, Debit Balance, Credit Balance. Savings banks usually use about the same form as the regular banks, with the exception that they require less space for withdrawals, and in addition an interest column. Daily Statement Balance Boiok. This book can be arranged with a perforated sheet, which can be torn out at the end of the month and sent direct to the customer. During the month this book is all that is required for a daily balance book and is checked against the ledger account. This form is as follows: (See Plate No. 24.) The General Ledger, (ruled in the ordinary manner), in which the general accounts of the bank are aggregated. The Individual Ledgers, in which are kept the accounts of depositors. These ledgers are usually divided into from 500 to 600 current accounts each, in savings banks on the numerical plan, and in general banking institutions on the alphabetical plan. Many of the banks use a ruled form, double double, in order to obtain more space on the leaf, and this can be very readily accomplished on account of the absence of descriptive...show more

Product details

  • Paperback | 46 pages
  • 189 x 246 x 3mm | 100g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236801008
  • 9781236801005