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Receipts and Payments Account

A pay in slip...

Question

A pay in slip can be used to deposit only cash in bank account.

A

True

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B

False

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Solution

The correct option is B False
False. A pay in slip is a document that is used to deposit money in the bank both in the form of cash as well cheque.

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Q. The pay in slips provided by the bank do not have specific denominations mentioned for particulars of cash to be deposited.

Q. A pay in slip is a ___________form provided by the bank to facilitate the account holders to deposit money or cheques in the account.

Q. The pay in slip of the bank requires the deposit amount to be specified in figures and words both.

Q. Only withdrawal slip is used by the account holder for withdrawal of cash from the bank.

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

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