Only in the very large offices is it necessary to have a separate book for this diary. In the ordinary branch, the ruling given in Figure 10 appears at the foot of the discount diary. At the end of each day the total is credited to trade bills remitted and debited to cash items account, there to await the relative remittances, credits, etc., when the items are duly marked off as either paid or returned.
Considerable space is wasted in connection with this daily diary, and a weekly diary, as shown in Figure 11, has been used to advantage. Four sheets to the month are used, covering 1st to 8th, 9th to 15th, 16th to 23d, and 24th to the end of the month, and are filed in their chronological order in the discount diary, a different colored paper being used to distinguish them. The bills are entered in consecutive order according to maturity on these weekly sheets. On the second day of each week, say on August 2, for the week of August 1 to 8, the total for the week is credited to trade bills and debited to cash items account, and the sheet handed to the cashbook man to be marked off as the items are accounted for.