The general bookkeeper often has charge of the accounts with other banks. These are kept just as the individual accounts are and are subject to the same kinds of debits and credits. In addition to the credit accounts, or those accounts which represent the balances of other banks, there are usually many debit balances, which in total are carried on the general ledger as "due from banks." As each day's letters containing checks are sent to correspondent banks, the amounts of such checks are debited to these banks. As remittances are received in payment the accounts are credited. A daily record is kept of each account, known either as the "statement" or "account current," and at the end of the month this statement is ruled up and forwarded to the correspondent banks for "reconcilement." Since there are letters in transit, drafts not yet paid, collection credits, returned items and other entries constantly in the mail between two banks that do business with each other, this reconcilement is necessary if the accounts are to be settled as of any given day. It is very interesting work and an example of the method used is given. We will assume that a city bank has sent a monthly statement to a country bank showing the actual debits and credits for the month and the balance due the country bank. The country bank would then fill out a reconcilement blank about as shown in the illustration and mail it to the city bank. The purpose of the reconcilement, as will be seen, is to account for the differences between the balances shown on the books of the two banks on the same date. Errors or omissions of debit or credit entries are then adjusted.