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74   BOOA-KEEPING

(c) REQUISITION FORM.

102. Bank Drafts Transactions Journalized.

Scholastic Bank

eW. dw,   5g,19--Required, a draft on e-4~r'tr~

In favour of ,.//Ie `oarun~a~L , .aCt)i 7oa.   _ ,

For the sum of a e jGat   —

Applicant   gi,aetlx.--

No.   Par $1OO.00 Exchange 1/4 per e. $ .25

(1). Sent D. R. Graham on a/c, a bank draft purchased with cash $100. Exchange 25c.

D. R. Graham -

   Expense -   -

   Cash -   -

100

25

25

100

(2). Received from D. R. Graham on a/c, bank draft for $100.

Cash -   -   -

D. R. Graham

100   100

103. Remitting Cash.

  1. By Registered Letter.—Registered letters are numbered and entered iii special books so that they may be traced along the mail routes. Should a registered letter be lost or stolen, the post office authorities make a search for it, but if unsuccessful, the sender has himself to bear the loss.

  2. By Postal Note.—Postal Notes are orders issued by one post office on another post office, requesting it to pay the desired amount. They are used for sending any amount up to $10, to any place in Canada or the United States. They are made for set amounts, 20c., 30c., etc. ; for odd cents, from one to nine, postage stamps may be affixed to the face of the Postal Note. If a Postal Note or any of the following forms be lost, after being properly filled in, a duplicate can be obtained.

  3. By Post Office Money Order.—These are orders by one post office on another post office and are used for sending any amount up to $100, to any country in the postal union.

  4. By Express Money Order.—These are orders by one express office on another express office.

  5. By Bank Cheque.—Since Bank Cheques are drawn by a depositor on funds in the home bank, they are intended for making local payments only. Should a cheque be sent to a person in another town he would have to pay exchange to any bank cashing it for him. Occasionally, however, a firm arranges to have its cheques payable at par in other towns.

  6. By Bank Draft.—These are orders by one bank on another bank at a distance. A person wishing to send money by this method, buys a Bank Draft ; for this he pays the face amount and a small sum (I% or more) for the banker's trouble. A small sum is charged as commission or exchange, in the other cases also.

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