Bills and cheques purchased by the Bank Synopsis

Bills and cheques purchased by the Bank Synopsis - 5 Daily...

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Bills and cheques purchased by the Bank : Synopsis: 1. Lodging of bills / cheques received for purchase from the customers with full details in the system duly allocating a bill number. 2. Creation and maintenance of Bills Purchased Register viz Clean Bills, Demand Bills and Supply Bills Purchased. 3. Maintenance of sanctioned bill limits party wise and also liability register party wise. 4. Preparation of schedule for sending the bill to the collecting branch / bank.
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Unformatted text preview: 5. Daily transactions in the account and linking the transaction to the day book and to the General Ledger. 6. Realization of the cheques and bills sent for collection. 7. Collection of interest for the bills / cheques and for instruments returned unpaid. 8. Collection of interest for delayed realization. 9. Monthly jottings of the outstanding bills and balancing with GL....
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