As discount clerk the student should now proceed as follows:

1. Rule and foot the discount register. Examine the model given.

2. Prove the footings. The total of the Proceeds column plus the total of the Discount and Collection and Exchange columns should equal the total of the Amount column.

3. Post the entries from the discount register to the discount tickler. Leave the columns Where Sent and Remarks in the discount tickler blank for the time being. These will be filled out later as the work progresses.

Submit the discount register and discount tickler to your instructor for approval.

The Auxiliary Books kept by the discount clerk are of significant importance in a bank, but they are so simple in character and so self-explanatory that it is thought best not to attempt to use them in these records. They are:

1. The Offering Book, containing information with reference to the parties applying for loans.

2. The Discount Ledger, containing a record of the amount of paper discounted for each customer.

3. The Customers' Bill Book, containing a detailed statement of the various papers offered for discount by the customers of the bank.