Would any one Explain me What type of books ,register, are maintain in the bank for keeping records upto date and fast entries , provide some example or weblink to article and refrences etc ?
11 November 2008
In the light of extensive computerisation, the e-records must have changed the type of records. Can any learned member who is in bank or who does bank audit help?
11 November 2008
In the manual system of accounting, the ledgers are updated and then primary books are updated after the business hours. The following books are maintained by the banks:
1. Individual Ledgers. such as Savings, Current A/c, CC, Term Loan, Overdraft, ATL, ACC, RD, FD, SFD,PPF 2.General Ledger 3.Long Books 4.Day Book 5. Progressive 6.Balance books 7. Charges Register 8. Weekly 9.Dead Stock Ledger(Fixed asset Register) 10. Stationery Ledger 11. Security Stationery Register 12. Cheque Book Issue Register 13. Draft Issue Register 14. Inward Biils Register 15. Outward Bill Register 16. Safe Custody Register 17. Title Deed register 18. Inspection Book 19. Legal cases Files 20. Individual Files of borrowers 21. AOF 22. Record Register 23. Salary Sheets 24. Discretionery powers 25. Control Returns and many other subsidiary records
In the computerised systems all above records are maintained in the electronic form except the hard copies of documents executed and applied by the parties.
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