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Receipts and Payments Account

Document used...

Question

Document used for depositing cash or cheque into the bank is ________________.

A

Cheque

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B

Pay-in-slip

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C

Cash memo

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D

Bills

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Solution

The correct option is C Pay-in-slip
A particular bank account is accessible by the account holder for 2 purposes, to deposit the amount and to withdraw the amount. For withdrawing the amount, cheque book or withdrawal slip is used by the account holder. In order to deposit the amount, a pay in slip is used by the account holder.

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

Q. When the overdraft as per cash book is the starting point, a cheque for Rs 500 deposited into bank but not recorded in cash book will be _________.

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