$5,139.22. No. 296. New York, Oct. 10, 1896. Receiver of Taxes. Taxes on 995, 997, 999 W. 73d St., N. Y. City, for 1895 No. 297. New York, Oct 11, 1896. James Ogden (84 Narrow St., N. Y. City), commission for sale of house, 922 W. 98th St., N. Y. City, 1% on New York, Oct. 20, 1896. 3,061 24 1,522 09 45 00 Rogers & Son (132 Wide St., N. Y. City). Bill for gas fixtures in building 976 W. 101st St., N. Y. City 286 42 286 42 $5,139.22. No. 296. New York, Oct. 10, 1896. Receiver of Taxes, for taxes on 995, 997 & 999 W. 73d St., N. Y. City, for 1895 New York, Oct. 11, 1896. No. 297. James Ogden (84 Narrow St., N. Y. City). Commission for sale of house, 922 W. 98th St., N. Y. City, 1% on $4,500 3,061 24 1,522 09 45 4,628 33 Less check 296 not yet in 1,522 09 3,106 24 Balance 5,527 54 8,633 78 Check No. 296 1,522 09 No. 298. New York, Oct. 20, 1896. Rogers & Son (132 Wide St., N. Y. City). Bill for gas fixtures in building, 976 W. IOIst St., N. Y. 286 42 1,808 51 their work and are of no further value) are returned to her. At the earliest opportunity the vouchers should be examined and compared with the stubs in the check-book, in order to guard against mistake and forgery, and the check-book should be balanced to correspond with the bank-book. The balancing of the check-book should be done by adding up all the deposits which are included in the balance of the bank-book (or all the deposits which have been made since the last balancing of the bank-book), without reference to the private balances which have been written upon each page of stubs in the check-book as before suggested, and all the amounts of the vouchers which have been returned by the bank. The difference between these two sums must correspond exactly with the balance obtained by the bookkeepers in the bank-book, else there must be a mistake, or possibly a forgery, which must be at once inquired into. For a practical illustration of the somewhat confusing process of balancing the check-book, we may suppose pages 56 and 57 to represent two pages, respectively, of memoranda of deposits and stubs in a check-book; that the bank-book has been (on October 13, 1896) left at the bank to be balanced; and that it has been returned balanced to October 15th, the balance being $4,005.45. As soon as possible after receiving the balanced bankbook, the vouchers must be compared with the stubs in the check-book and found to be correct; that is, all the checks which have been issued since the last bank balance are present without alteration, and there are no fraudulent checks. The deposits which are included in the bank-book balance (all subsequent to the last bank balance) must then be added up, and the sum found to be $8,633.78, which corresponds with the figures in the bank-book. Next, the sum of the stubs corresponding to the vouchers which have been returned is found to be $4,628.33, which also corresponds with the figures in the bank-book, and on the memorandum sheet, if there be one. The subtraction of the latter sum from the former will give the balance which is contained in the bank-book, $4,005.45, and the figures may then be written (in red ink, or with lines drawn under them to distinguish them) in the check-book in the manner which is indicated in the illustrations. The practical effect of the bank balance is to complete the account up to the date of the balance, and the account thereafter proceeds in the same manner as if it were an entirely new one, beginning with a deposit which is equal to the balance. Thus, in the illustrations of pages 58 and 59, after the deposit of October 17th and the stub for check No. 298 has been filled out, the private balance to be written at the top of the next page of stubs will be $4,655.45 - $286.42 $4,369.03. = It sometimes happens that one or more of the checks which have been issued since the last balance (usually checks which have been sent to a distance, or the collecting of which has been carelessly or otherwise delayed by the holders) have not yet been returned to the depositor's bank for payment, and consequently the bank cannot return the missing vouchers to the depositor with the balanced bank-book. In such a case, the bank of course has no knowledge of the missing checks, and therefore can take no account of them in the balance, which fact has the effect of making the balance in the bank-book larger than it should be by the sum-total of the missing checks. An examination of the vouchers will show at once what checks, if any, are missing, and when balancing the check-book the sum of the missing checks must be deducted from the sum of the stubs (which is equivalent to adding it to the check-book balance) in order that the balances in the bank-book and check-book may correspond. The missing checks will, as a matter of course, sooner or later turn up at the bank for payment, and will then be charged against the depositor in the next balance. They must, therefore, be entered again on the check-book stub in the same manner as if new checks had been drawn. Thus, for an illustration, suppose that the check No. 296 (page 59) has not been returned with the vouchers and balanced bankbook. The balance in the bank-book will then be $4,005.45 + $1,522.09 $5,527.54, and the balancing of the check-book, = |