This book is invariably in loose-leaf form, ruled as in Figure 23, in size gen-erallv about 8" x 11".
In a small branch one ledger suffices as a rule, but in the larger offices half a dozen or more are required to take care of the bank's deposits. The accounts, tho very numerous, are small in the number of transactions, and a leaf is used for each account. The signature of the depositor is generally taken on the ledger sheet for convenience of reference, as well as on a signature card.
The rules given in Section 3, Chapter IV (The Bank Act (Continued)) (Branch Books And Records. 1. Bank Accounting), should be carefully followed. The manager must control the sheets and sign all that are inserted in the ledger. The bank pass-books, which are simply small copies of the ledger sheet, must also be kept in the custody of the manager, and given out in, say, dozen lots, to be accounted for as used. It is advisable that no name shall appear on the pass-book - just the account number.
The accounts are arranged sometimes alphabetically and sometimes numerically. Both methods have their adherents. In either case they are indexed on the tagged divisions or, in some cases, in a separate book. Where the accounts are very numerous the ledgers are balanced in blocks of one or two ledgers each, and in this way errors are easily located.