I have mentioned the term "journal or cash book" for the reason that
some banks prefer using the book as one and some as the other. When
used as a journal the charge items are entered upon the left-hand page,
and the credit items on the right-hand page, and a cash account
kept in the ledger, which is credited and debited with the total
of each side of the journal respectively. The balance of this cash,
and a cash account kept in the ledger, which is credited and debited with
the total of each side of the journal respectively. The balance of this cash
balance being the | cash balance of the bank, which should agree with the
cash balance as shown by the paying teller. When used as a cash book it
is kept the same as any other cash book, the receipts being entered on the
debit side and payments on the credit side, and the balance struck on the
cash book, which balance should agree with the teller's balance as before
mentioned.
The general ledger should be posted each day at the close of business,
and the daily statement taken ofif then or the first thing the next morning,
so that the cashier may see the exact condition before beginning business.
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It is a good plan to have the daily statement book made to conform
as nearly as possible to the form used by the United States Government
in the blanks for the reports to-the Comptroller of the Currency.
A good form is shown by Figure 3. The book can be made with six
days instead of one.
