(1) The bank book is a book of original entry for recording transactions pertaining to bank and treasury accounts of the Municipality. It shall be maintained by the Accountant in KMF NO.3 with a series of folio reserved for each bank account and designated as ‘Bank Book of _________Bank, Account No. ______’. The Bank Book shall record all amounts deposited into or withdrawn or paid from each such treasury or bank account.
(2) In the bank book, the daily totals shall be arrived at and the closing balance for the day worked out to ascertain the balance in bank or treasury account.
(3) The actual balance in the bank or treasury shall be compared and reconciled with the bank book balance at the end of every month, and a bank reconciliation statement shall be prepared.
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13. Journal Book- (1) All entries which do not involve cash or bank are recorded in the journal book, identifying appropriate account heads to be debited and credited.
(2) The journal book shall be maintained by the Accountant in KMF NO 4.