Give one word or term or phrase which can substitute each of the following statement. Document used to withdraw cash from the bank.
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Solution
Withdrawal slipand cheque.
A withdrawal slip is a document that is used to withdraw cash from the bank. As the name suggests a withdrawal slip duly filled to withdraw money from the bank account. The contents of a withdrawal slip are name of the customer, amount to be withdrawn, signature of the customer, account details etc.
A cheque is a bill of exchange drawn on a specified banker and not expressed to be payble otherwise than on demand and it includes the electronic image of a truncated cheque and a cheque in the electronic form.