A ____________ is a part of the voucher which is considered as a legal evidence of depositing cash or cheque into the bank account.

Acknowledgment

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Counterfoil

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Rubber stamp

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Folio number

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Solution

The correct option is C Counterfoil
A pay in slip is blank form given by the bank which is duly filled by the customer to deposit cash in the bank. it has 2 part one is kept with the bank and the other is given to the customer. The smaller part which is given to the customer is known as the counter foil. It acts as the only proof that the customer has deposited money in the bank either by cheque or cash because it is stamped by the bank which acts as an acknowledgement for payment.

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Similar questions

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

___________ is used for depositing cheque and cash into a bank account.

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. When the overdraft as per Cash Book is the starting point, a cheque of Rs.1,00,000 deposited into Bank but not recorded in Cash Book will be:

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