In this ledger are usually kept the accounts of all of the depositors of the bank. In commercial banks only demand deposits are kept in this record, such time deposits as are carried being kept in the auxiliary section of the general ledger usually. The depositors' ledger may be divided into as many sections as the volume of work demands. In the larger city banks there are usually two control demand accounts on the general ledger, one for bank deposits and the other for individuals and firms. In the trial balance already explained only one such account was used on the general ledger. Various forms of deposit ledgers are used, depending largely upon whether the ledger is hand or machine posted. Under any system, however, columns are provided for debits and credits, and usually for balance. The Boston or progressive type is commonly used, the accounts being listed down the middle of each page of the ledger, and the days progressing across from left to right.

The illustration is a section of one page of the open Boston ledger. Assuming that it is the left page of the open book, the dates would continue across the right side page, making in this case eight days to the full page. Suppose that one bookkeeper kept three hundred accounts. With twenty-five accounts to the page, a filler consisting of twelve complete pages would last eight days, after which balances would be transferred to a new filler made up usually by the printer with the names of the depositors printed therein. Blank spaces, of course, are left for new accounts. At the foot of each column are provided blank spaces for daily footings of the ledger pages. As the balances of the accounts on a given page appear directly above each other, the proof is simplified, overdraft balances being shown in red and credit balances in black in the balance column. Another form of ledger which is typical of that used in the smaller commercial banks is shown on another page.

June 29

June 30

Name of Account

July l

July 2

Dr.

Cr.

Bal.

Dr.

Cr.

Bal.

Dr.

Cr.

Bal.

Dr.

Cr.

Bal.

Hecker, J. A.

McGrath, James

Peet, C. S.

Price, A. C.

.

Wolf, David