Bank deposits and collections
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Bank deposits and collections (under the Uniform commercial code, January, 1959) by John J. Clarke

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Published by Joint Committee on Continuing Legal Education of the American Law Institute and the American Bar Association in Philadelphia .
Written in English



  • United States.


  • Bank deposits -- United States.,
  • Collection laws -- United States.

Book details:

Edition Notes

Other titlesJoint Committee on Continuing Legal Education of the American Law Institute and the American Bar Association.
Statementby John J. Clarke,Henry J. Bailey, [and] Robert Young, Jr.
LC ClassificationsKF1022 .C54 1959
The Physical Object
Pagination171 p.
Number of Pages171
ID Numbers
Open LibraryOL6267712M
LC Control Number59003620

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The bank statement balance is adjusted for items such as outstanding checks and unrecorded deposits made on or before the bank statement date but not reflected on the statement. The book balance is adjusted for items such as service charges, bank collections for the depositor, and interest earned on the account. Simplify your banking routine. Forgo the daily time, risk, and expense of sending an employee off-site or paying for courier pick-up to make deposits. With Remote Deposit, checks are scanned and imaged at your office and then submitted for deposit through Online Banking. Deposits can be submitted 24 hours a day, 7 days a week. The book is a wonderful introduction to negotiable instruments, checks and more modern payment systems. It covers recent developments such as the mortgage crisis, the transition of check collections from paper to digital images, the growth in the use of debit cards and stored value cards as payment devices, payments made over the internet through non-bank . 1)bank collections 2) electronic funds transfer 3)service charge 4)interest revenue 5)non sufficient funds checks 6) cost of printed checks 7) book errors.

Bank deposits and collections. Philadelphia, Joint Committee on Continuing Legal Education of the American Law Institute and the American Bar Association [] (OCoLC) Document Type: Book: All Authors / Contributors: John J Clarke; Henry J Bailey; Robert Young; Joint Committee on Continuing Legal Education (U.S.). The ending balance on a bank statement almost never agrees with the balance in a company's corresponding general ledger account. After receiving the bank statement, therefore, the company prepares a bank reconciliation, which identifies each difference between the company's records and the bank's normal differences identified in a bank reconciliation will be . Bank Reconciliation Overview. A bank reconciliation is the process of matching the balances in an entity's accounting records for a cash account to the corresponding information on a bank goal of this process is to ascertain the differences between the two, and to book changes to the accounting records as appropriate. Collections Account. The collections department of a bank attempt to collect debts owed to the bank. If you fail to settle the matter, the bank may choose to sell the debt to an outside collection agency. In addition, banks notify credit bureaus and consumer reporting agency, ChexSystems about charged off accounts.

A bank which issues a cashier's check agrees to be primarily liable for the obligation. One who accepts a draft by a signed notation on the face of the draft itself does so as well. The most common form of acceptance is the certification of a check by a bank. /5(2). The Law of Bank Deposits, Collections, and Credit Cards Revised Edition by Barkley Clark (Author) out of 5 stars 1 rating. ISBN ISBN Why is ISBN important? ISBN. This bar-code number lets you verify that you're getting exactly the right version or edition of a book. Reviews: 1. To do this, a reconciliation statement known as the bank reconciliation statement is prepared. Bank Reconciliation: A Step-by-Step Guide. You receive a bank statement, typically at the end of each month, from the bank. The statement itemizes the cash and other deposits made into the checking account of the business/5(42). Bank deposits consist of money placed into banking institutions for safekeeping. These deposits are made to deposit accounts such as savings accounts Author: Julia Kagan.