The practical work of a bank : a treatise on practical banking which aims to show the fundamental principles of money, the practical work of a bank in detail, and particularly, credit in its relation to banking operations . is, of course, evi-dence that the balances have not all been transferred cor-rectly. The quickest way then of finding the error is tocheck up the trial balances with each other. As soon as thetwo trial balances are made to agree it is ample proof thatthe balances have been correctly transferred from the oldledger to the new. Tliis much accomplished, the bookkeep- c (? K LAN
The practical work of a bank : a treatise on practical banking which aims to show the fundamental principles of money, the practical work of a bank in detail, and particularly, credit in its relation to banking operations . is, of course, evi-dence that the balances have not all been transferred cor-rectly. The quickest way then of finding the error is tocheck up the trial balances with each other. As soon as thetwo trial balances are made to agree it is ample proof thatthe balances have been correctly transferred from the oldledger to the new. Tliis much accomplished, the bookkeep- c (? K LANCE i: < m 1 i JL 1 C/3 wz 1 a > > ) -C o oo n H u A< < n < 308 BANK ACCOUNTING 309 er may then search for the difference which may exist be-tween the trial balances and the balance as shown by thegeneral ledger. Some bookkeepers do not take a trial balance off of theold ledger before transferring the balances to the new simply transfer the balances to the new ledger andtake off a trial balance of that ledger only. The defect oftliis method, however, is apparent. By this method the onlyway the boqkkeeper has of proving that he has forwarded TRIAL ADDING MACHINE SHOWING TRIAL BALANCE WORK(Courtesy of the Adder Machine Co., Wilkesbarre, Fa. j 310 THE PRACTICAL WORK OF A BANK all the balances correctly is by checking up the trial balanceof the new ledger, or the new ledger itself, with the balanceson the old ledger. This is not only a more arduous task,but takes longer, and even when the process is completed isnot conclusive proof. One bookkeeper has a rather unusual method of trans-ferring accounts from the old ledger to the new. He trans-fers them in sections. That is, one day he will transfer thebalances under a certain num})er of the letters of the alpha-bet. He takes, say, the balances under A, B, C, and D, thefirst day, those under E, F, G, and H, the second day, andso on, until all are forwarded. Each section transferred tothe new ledg
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Keywords: ., bo, bookcentury1900, booksubjectbanksandbanking, booksubjectmoney
