Henry Brown.

The advantages of this ledger are that a transcript of any account, when needed, as when the items of checks paid have to be entered in the depositors pass-book, is more readily made, and it is more convenient for comparing the credit entries in the pass-book. While it shows the balance of each account whenever it changes, still, proof of the totals of all balances can be made only by taking them off on a sheet or in a book and adding these together. A ledger of this kind should be proved in this way at least once a month. The aggregate of these balances should, if there is no error in the lodger, equal the balance of individual deposits on what is known as the general ledger, described further on.

Another form of ledger is called the "Boston," "skeleton," or "daily balance." This also has three columns, viz., debit, credit and balance columns, but instead of showing the entries in any account below each other, running from top to bottom of the page, the names of the depositors are arranged one under another from top to bottom of the page, and the account of each depositor is carried horizontally across the page, the entries in each account for any stated date being made in a column bearing such date at the head. The fol-lowing is a specimen of such a ledger: