A cardinal distinction in banking is that between so-called cash items and collection items. Cash items are those for which immediate book credit is given to the depositing customers before the act of collection. Collection items are those which are credited to the owners only when they are paid. The entries for cash items have been brought out throughout the text, but nothing has been said about auxiliary collection record bookkeeping. The student should bear in mind that collection items do not enter the account of the bank until they are paid and proceeds for them received.