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Question

A document or slip which is issued by the bank to account holder for depositing cash or cheque into the bank is ___________.

A
Cash memo
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B
Pay-in-slip
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C
Credit memo
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D
Cheque
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Solution

The correct option is B Pay-in-slip
When a person wants to deposit cheques or cash in his bank account, he customarily fills out a slip to show the number of his account, the date and the details of the deposit, which he fills in pay-in-slip. Pay-in-slip is most commonly known as deposit slip.

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