Unit 22: Operational Aspects of Accounting Entries
JAIIB - AFB - MODULE - D - Operational Aspects of Accounting Entries Unit - 22 : Operational Aspects of Accounting Entries There are two types of transactions in a Bank, Cash and non-cash. Vouchers There are two types of vouchers. 1. which evidences only debit or credit to an account 2. which contains both debit and credit to different accounts (composite vouchers)
Normal debit vouchers are : Cheques Withdrawal forms Drafts Dividend/interest warrants Travellers' cheques Letter of authority signed by the customers, containing standing instructions. Debit vouchers prepared by the branch Term Deposit receipt presented for payment
Normal Credit vouchers are : Pay-in-slips Applications for issue of DDs, TDs, BCs, RTGS/NEFT, pay orders Challans for deposits into Central/State Govt Accounts Credit vouchers prepared by the branch .