It is the custom in commercial banking to render statements of account monthly, or more frequently, depending upon the wishes of the customer. A statement of account is usually a simple continuous and daily posted record, showing in detail all debits and credits to accounts, and also the daily balance. Dates and description of items are shown as well. This permits the depositor to check the bank's figures with his own, and to investigate any differences. Statements are posted from the same debits and credits which are used by the deposit ledger clerks, though in the larger banks the latter are given certain figures in recap form. In order to insure that statements and ledgers have been accurately posted, daily comparisons are made between the two and any errors discovered are adjusted.

Statement Of Account

In Account With The Institute State Bank

Of Statetown

Please examine and report on this account as soon as convenient

Failure to report errors prior to the 20th of the month next after the receipt of this statement will be considered evidence of the correctness of your account.

Form Of Receipt For Statement Of Account

Received of The Institute State Bank Of Statetown, Statement of my account to

..............192 with........Vouchers showing

Credit Balance of $................. I hereby agree to examine same carefully, and if not correct give notice to an officer of said bank and make all reclamations within ten days.

.....................................................

Please sign this voucher receipt and return same to us.