A document which is used in place of cheque for withdrawing amounts from bank is a/an ____________.

Pay in slip

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Counterfoil

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Withdrawal slip

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Receipt

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Solution

The correct option is C Withdrawal slip
A bearer cheque is just like a withdrawal slip. A bearer cheque is payable over the counter. It is transferable by mere delivery. A withdrawal slip is a slip that to be filled by the customer to withdraw money from the bank account. In both the cases money can be received over the counter and amount can be withdrawn by the customer.

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Similar questions

Q. State whether the following statements are true or false.

1) Cash memo is used for credit purchase/sale.
2) A receipt is used for cash sales.
3) Crossed cheque is a very safe cheque.
4) A voucher is a document in support of an entry in the books of account.
5) Only withdrawal slip is used to withdraw the amount from the bank.
6) A bearer cheque is just like a withdrawal slip.

Write a word/term or phrase which can substitute each of the following.

1. A documentary evidence of the transaction.
2. The documents used for withdrawing the amount from bank.
3. The amount of revenue stamp is required to be affixed when the amount of voucher is Rs 5,000 or more.
4. Voucher prepared for small amount of payment.
5. Document prepared for the difference in quantity mentioned in the bill and the quantity actually delivered.
6. A document issued for goods purchased for cash.
7. A cheque on which two parallel lines are drawn.
8. A cheque which can be encashed at the counter of the bank.
9. A document used to acknowledge cash received.

Q. For which of the following accounts do you get a cheque book, a pass book, and a pay-in-slip from the banks?

Q. A ________ is a paper instructing the bank to pay a specific amount from a person's account to the account of the person in whose name the cheque has been issued.

Q. is a document which instructs a bank to pay a certain sum to a third party.

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