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Bulletin HASKINS & SELLS 77 The Perforation of Checks By Banks BY R. S. JOHNS, NEWARK OFFICE Styles in the perforation of checks by banks, perhaps at first thought a rather trivial matter, may at times become a factor of considerable importance. In connection with the audit of cash, it is sometimes necessary to examine the bank's perforation of a check as evidence of the date on which the amount of the check had been charged to the bank account in question. The customary method of indicating that a check has been paid by the bank on which drawn is to perforate the check in somewhat the following fashion: • • • •• • • • • •• • • • • • •• • • •• • • There is a tendency, however, to perforate checks by code so that one cannot determine at a glance just what date the check cleared through the bank. This is more true of the larger banks than the smaller ones where the volume of checks to be cancelled is not so great. The basis of the code is to have the holes representing the numerical equivalent of the month, day, or year, perforated on the following scheme: 12 3 • • • 4 5 6 • • • 7 8 9 • • • Three such blocks are employed to indicate, respectively, the month, day, and year. These blocks are separated by a series of holes to avoid confusion between blocks. For example, August 16, 1928, would be represented in the following manner (those not punched are shown solid for purposes of illustration): • • • o o • • o • o • • • • o • • o o • • • • o • o • • • o • o • It is evident that some additional provision must be made for such numbers as 11, 22, etc., for numbers containing a cipher, such as 10, 20, etc., and also to distinguish between 12 and 21, 13 and 31, etc. Two additional holes for each block are provided for these purposes, as illustrated by the letters " A " and " B ": A B ••• ••• ••• " A " is used to indicate that a cipher should follow the numeral punched in the regular block. " B " means that the numeral indicated should be taken twice. October 11, 1928, would be represented in the following manner: O • • O • • • • • o • • • o • • • • • • o • • • o • o • Twelve and thirteen are distinguished from twenty-one and thirty-one, respectively, by punching "A" when the numerals should be taken in reverse order. It should be noted, perhaps, that the use
Object Description
Title |
Perforation of checks by banks |
Author |
Johns, Ralph Stanley |
Subject |
Checks Fraud Embezzlement |
Office/Department |
Haskins & Sells. Newark Office |
Citation |
Haskins & Sells Bulletin, Vol. 11, no. 10 (1928 October), p. 77-79 |
Date-Issued | 1928 |
Source | Originally published by: Haskins & Sells |
Type | Text |
Collection | Deloitte Digital Collection |
Digital Publisher | University of Mississippi Libraries. Accounting Collection |
Date-Digitally Created | 2009 |
Identifier | HS Bulletin 11-p77 |