Twentieth century book-keeping and business practice

 
9781130460353: Twentieth century book-keeping and business practice
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1904 Excerpt: ...credit without chasing over several books to find some little item. 393. ANOTHER METHOD.--Appended are examples of letters to slow customers on whom drafts have been made, and illustration of draft register. Draft is made through bank at city in which debtor lives, and is followed up once a week until letter No. f has been sent, when the account is placed in the attorneys' hands for collection. When the draft is paid, the date of payment is entered in the date column provided in front of the amount column. LETTER NO. 1. Gentlemen: Enclosed please find statement of your account, which is past due. We are making draft for the amount through Bank. Kindly honor same when presented, as we have instructed the cashier to return the draft to us if not paid within five days after the same has been presented. We sincerely hope you will give the draft your personal attention and oblige. LETTER NO. 2. Much to our surprise, we have heard nothing from our draft, although the cashier was instructed to hold the same not longer than five days. If the amount is not correct, according to your books, we should be pleased to know just where the difference is. If the amount is correct, we would like an explanation why our draft is not honored. Thanking you for giving this your prompt attention, we remain, LETTER NO. 2y2. (When it is time to send the next letter after the first one, if draft has been returned unpaid--same will be marked '"Ret." on draft sheet--send letter No. 2/3 instead of No. 2. If draft has not been returned, send letter No. 2.) Much to our surprise, our draft made on you has been returned to us unpaid. If the amount is not correct according to your books, we should be pleased to know just where the difference is. If the amount is correct, we would l...

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