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Question
Amount in the bank account can be used either using _________ or the cheques.
Amount in the bank account can be used either using _________ or the cheques.
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Solution
The correct option is B 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. Money can be withdrawn from the customer account using both a cheque and withdrawal slip.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. Money can be withdrawn from the customer account using both a cheque and withdrawal slip.
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