As explained, these are largely checks for which credit of some kind has been given, but which are held over because they are slightly irregular. These items are liquidated or

"turned over" each day. Assume that checks amounting to $2,000 are held over on a certain evening. The general ledger entries would be:

Debit: Cash Items (14)..............

$2,000

Credit: Due to Depositors (37).....

$2,000

On the following day the entry reversing the cash item amount previously set up would be in effect as follows:

Debit: Cash (11)....................

$2,000

Credit: Cash Items (14)............

$2,000

The offsetting debits just shown are only indicative. In fact, there might be many debits actually resulting from the collection of these cash items. Irregular items which must be returned to the depositor for correction are charged back to his account.