As illustrations have been given of this account throughout this chapter thus far, no entries are considered necessary here. Emphasis, however, is again placed on the point that each time the account "due to depositors" has been debited or credited, some ""individual account on the depositors' ledger has likewise been debited and credited for the same amount. In other words, the depositors' account on the general ledger is a control account varying in balance as the sum of the auxiliary or supporting accounts vary, and while summary entries are made in the control account, the principle of control is maintained nevertheless. Briefly summarizing the character of the debits made in the depositors' account we have those caused by maturing loans and discounts, checks drawn by the depositors, overdraft interest charges made, commissions, exchange and other service charges. The following are the more general credits appearing in the depositors' account: Interest, proceeds of loans and discounts made, the proceeds of coupons collected for the account of the customer, credits for deposits of cash and checks, the proceeds of notes and drafts sent by the customer for collection, and the proceeds of securities sold for his account.

Auxiliary Records And Proof

The depositors' ledger is dealt with in some detail in another chapter where its proof is also explained. Suffice it to say here that the total of deposits shown by the depositors' ledger must equal the total of the account "due to depositors" on the general ledger.