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APN APPENDIX

OTC market making and back office responsibilities.

Subscribers to such systems benefit by sharing costs associated with the application of improved technologies, rather than creating and updating systems of their own.

Therefore, it is assumed that any changes deemed necessary to these shared systems to facilitate efficient compliance with the Display Rule also would be shared by all subscribers.

THE ACCOUNTANCY Or INVESTMENT.
The notice upon its being received, together with the check, becomes a ” voucher-with-cash,” and the credits on the cash book, and the interest page of the Mortgage Ledger are made directly from the documents. Book-to-book posting, which formerly was the only method of re-arranging items, is becoming obsolete, being superseded in many businesses by voucher or document posting. By the carbon process the notice and the receipt may be filled in simultaneously in facsimile.

General Ledger, Mortgages Account.

The Class account ” Mortgages ” in the General Ledger is simply kept to show aggregates. Its entries are, as far as possible, monthly, the posting-mediums being so arranged as to give a monthly total of the same items which have already been posted in detail to the Mortgage Ledger. The standard form of Ledger account may be used, or the three column. In the former, the debits and credits of the same month should be kept in line, even though one line of paper be wasted.