FBO RESERVE JOURNAL

A · B · C · D · E · F · G · H · I · J · K · L · M · N · O · P · Q · R · S · T · U · V · W · X · Y · Z

Definitions

1. where the FBO holds cash or checks for any length of time (not just overnight or until bank opens) he keeps an account of such in the FBO reserve journal. The reserve journal looks like a bank record showing deposits, withdrawals, all details of each and the new balance each time. If more than one currency is held there is one column for each currency. (FO 1761)

2. accounts for what went into and out of the FBO's cash box. (FO 1761)