Business Forms and Financial Institutions (Classic Reprint)

Excerpt from Business Forms and Financial Institutions

Technically, the entries on the debit side are receipts from the bank for all deposits.

When the bank-book is settled, the total amount of the depositor's checks is entered on the credit side of the bank-book, and the balance, if any, brought down on the debit side. The cancelled checks are returned to the de positor.

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