 Examine passbook and pay in slip (SB-103).  Check the cash tendered with SB-103.  Make entry in record viz passbook etc.  Send documents to Assistant.

Slides:

Advertisements

Similar presentations

Cheque system in PO Savings Bank

Advertisements

 Single account- Can be opened by any adult A minor of 10 years of age or more By guardian on behalf of minor  Joint account-  Two adults can open Account.

Can be deposited on any working day for every month. W.e.f. 01/01/2012 the last date of monthly deposit for accounts opened from 1 st day to the 15 th.

Transfer application form & where to apply? Depositor has to submit SB -10 (b) and Pass Book either- At Transferring office At transferee office At any.

Examine passbook & Account closure form SB-7(A). Verify balance & signature. Make entry in relevant records. Make entry in SB-7(A) in warrant portion and.

ACCOUNTING PROCEDURE IN BRANCH OFFICES

$ $ $ $ Section 2 The Cash Receipts Journal What You’ll Learn

Chapter 4 The Journal and the Ledger. General Journal Fills the need to record all parts of a transaction in one place Includes date, debit, credit and.

Journalizing and Posting to the Sales Journal

Daily Financial Practices

 When the number of business transactions is very large, recording of all transactions in one journal will not be convenient but also cause delay in.

SAVING CERTIFICATES AT A GLANCE

CHAPTER 8 INTERNAL CONTROL AND CASH After studying this chapter, you should be able to: 1 Define internal control. 2 Identify the principles of internal.

Main New Question Answer Jeopardy Accounting Chapter 5 Jeopardy Accounting Chapter 5 Completion $100 $200 $300 $400 $500 Multiple Choice $100 $200 $300.

1. Financing of PO-Principles Cash should be available to meet demand Not to be held in excess of demand Easy Mode of –Clearance of cash –Getting of cash.

15/08/2014PTC, Mys Recurring Deposit. SB-3 and pay in slip to be filled in. The following documents are compulsory – One copy of recent photograph.

Chapter 3, Section 2 Checking Accounts.

Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.Glencoe Accounting Internal controls are steps taken to protect assets and keep reliable.

30/11/2013YRM, PTC, Mys Questionaire on CBS.

FUNCTION OF SBCO - PROCESS ORIENTED

Bank Reconciliations Internal Control Systems, Cash and Receivables.

Opening and Using a Bank Account December 16 th, 2008.

An overview of different Departments in PO

 MIS Account can be opened by:-  Single-  By an adult  A guardian on behalf of minor or person of unsound mind  A minor who has attained the age of.

Welcome To Savings Bank in PO.

Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.Glencoe Accounting Internal controls are steps taken to protect assets and keep reliable.

15/08/2014PTC, Mys Time Deposit. SB-3 and Pay in slip to be filled in The following documents are compulsory – One copy of recent photograph –

IMPORTANT TIPS FOR SB PA KYC document must be obtained from investor at the time of opening of any a/c or purchase of certificate. Minor must attend post.

Chapter 3 Accounting for Current Accounts Department

FINANCE Chapter 9 Checking Accounts and Other Banking Services.

Audits and Bank Reconciliation. Yesterday: We discussed the different ways a business ensures the safety of their cash and inventory 1.Separation of Duties.

RECURRING DEPOSIT ACCOUNT

Bank Reconciliation Statement

Code of conduct Checking account Endorsement Blank endorsement Special endorsement Restrictive endorsement Postdated check Bank statement Dishonored check.

Checking Accounts Chapter 9. Basics Check: ▫Written order to bank to pay the amount stated to the person or business named on it. Demand deposit: ▫Money.

Lecture 30 Chapter 07 Cash Task Force Image Gallery clip art included in this electronic presentation is used with the permission of NVTech Inc.

Cash Control Systems Checking accounts Pages Checking account– a bank account from which payments can be ordered by a depositor Endorsement–

Beginning The Accounting cycle. Accounting Cycle:

Bank Accounts. Deposit Account: Deposit Account: An account at a banking institution which allows the account holder to deposit money into or withdraw.

Chapter – 8: Fraud, Internal Control & Cash OverviewControl FeaturesBank ReconciliationAdjusting Entries.

Chapter 7 Accounting for Promissory Note Ibrahim Sammour.

DEFINITION A report of deposits, withdrawals, and bank balances sent to a depositor by a bank. BANK STATEMENT.

Cash Control and Banking Activities Making Accounting Relevant Businesses deposit all cash and checks into a bank account and make payments using checks.

List of Words for Chapter 6 Checking account Endorsement Blank endorsement Special endorsement Restrictive endorsement Postdated check Bank statement.

CHAPTER 5 By: Ashley Kea. KEY POINTS  Depositing Cash  Blank Endorsement, Special Endorsement, and Restrictive Endorsement  Check Stub and Check 

Session – 1 Overview of Functioning of Treasury Regional Training Institute, Ranchi Structured Training Courseware on Treasury Inspection.

COMMONLY DETECTED IRREGULARITIES BY AUDIT AND WAY TO AVOID IN FUTURE IRREGULARITIESWAY TO AVOID  CASH BOOK i)The Cash Book is not being maintained and.

CASH BOOK The cash book is merely the cash account removed from the ledger and bound in a separate book for the sake of convenience. Cash transactions.

Cash Control Systems Chapter 7. Why use checks instead of cash? Cash is easily transferred from one person to another without question of ownership. Cash.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 5-1 Checking Accounts.

Cash Control Systems Chapter Five. Terms Code of conduct Checking account Endorsement Blank endorsement Special endorsement Restrictive endorsement Postdated.

Cash Control Systems.  Major cash payments made in checks  Small cash payments made out of small cash fund/petty cash  Cash transactions occur frequently.

Chpt 9.3 – Accounting Controls for Cash Internal Controls – is the set of accounting procedures established to ___________ _________ and waste, ensure.

Cash controls and banking activities

Source Documents Chapter 6. Source Documents Shows the _______ of the transaction and provides all the _____________ needed to account for it properly.

Chapter 11 Journalizing Sales and Cash Receipts. Customer n A person or business to whom merchandise or services are sold.

0 Glencoe Accounting Unit 2 Chapter 11 Copyright © by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 11 Cash Control and Banking Activities.

Collection of cheques. Collecting banker A collecting banker is one who has assumed duty of collecting the proceeds of a cheque for the customer or himself.

Chapter 7. Checking Accounts Authorizing Signatures Depositing Cash Deposit Slip Endorsing Checks Writing Checks.

Chapter 6 – Cash Control Systems

Bookkeeping Procedures

Lesson 4-2 Posting Separate Amounts from a Journal to a General Ledger

Manual Accounting & Computerized Accounting

POST-CLOSING TRIAL BALANCE

Ch. 5 Cash Control Systems

LESSON 5-2 Bank Reconciliation

Section 5-1: Cash Control Systems: Checking Accounts

Presentation transcript:

 Examine passbook and pay in slip (SB-103).  Check the cash tendered with SB-103.  Make entry in record viz passbook etc.  Send documents to Assistant Postmaster/Sub Postmaster for authorization.  Return passbook & counter foil to depositor on return from Assistant Postmaster/Sub Postmaster PPT 1.2 RULE NO : 31 POSB Manual Volume -I

 Check & verify the entry in record and authorize.  Hand over the counter foil & passbook to counter PA to return to depositor. PPT

 Examination of cheque & pay in slip  Affix date stamp on pay in slip (foil & counter foil)  Detach counter foil & hand over to depositor  Prepare cheque list for local & out station cheques separately for clearance  On clearance of cheques make entry of deposit  Whenever depositor produce the passbook, make entry in passbook. PPT RULE NO : 31 POSB Manual Volume -I

 Fill up the pay in slip (SB-103) properly.  Hand over the cash, SB-103 & passbook to counter PA.  Collect the passbook & counter foil on completion of transaction.  Check the balance in passbook after transaction.  minimum cash deposit Rs. 5/- by cheque Rs. 20/-  Mode of deposits - DD, Pay Order, Dividend Warrant, Int. Warrant, Refund Order, Pension, Maturity Instrument, Crossed IPO. PPT RULE NO : 31 POSB Manual Volume -I

Cheque collection charges.  Cheque collection charges are taken only for out station cheques.  Out station cheque clearing charges-  Up to Rs. 1000/- - Rs. 30/-  Rs. 1000/- and Part thereof - Rs. 3/- PPT RULE NO : 31 POSB Manual Volume -I

Cheque collection charges.  Cheque collection charges will be charged to the depositor’s account.  No collection charges will be charged on outstation cheques drawn on Post Office Savings Bank. 5/5/2015

Service Charges  Service charges for dishonored Rs 50/- per cheque.  Postage charges for returning the dishonored cheque on intimation to the depositor by post will also be debited to the depositor's account.

Thank You