Clearing Synopsis - relevant account maintained with the...

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Clearing transactions in the Bank: Synopsis: 1. Lodging of the cheques received from the clients with full details in the system duly noting the account to which the amount should be credited. 2. Maintenance of outward clearing ledger on a daily basis. 3. Receiving inward clearing cheques and debiting the instruments to the
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Unformatted text preview: relevant account maintained with the branch. 4. Clearing returns both inward and outward. 5. Reversal of clearing credits after realization to the relevant accounts with the branch. 6. Daily transactions involved in the clearing procedure and taking these to the day book and to the general ledger....
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This note was uploaded on 03/02/2011 for the course COMPUTER A BCA taught by Professor Nandakumar.g during the Spring '11 term at University of Madras.

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