TeachMeFinance.com - explain Clearing house sheet
Clearing house sheet -- The printed form upon which the
operations of a bank at the clearing house are recorded. Before
the sheet is taken from the bank to the clearing house its
claims against other banks are entered on the sheet. Then,
at the clearing house the claims of other banks against it are
entered on the sheet and the difference in the totals (called
the balance) is ascertained.
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