wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Give one word or term or phrase which can substitute each of the following statement.
Document used to withdraw cash from the bank.

Open in App
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 The contents of a withdrawal slip are name of the customer, amount to be withdrawn, signature of the customer, account details etc.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.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Financial Statements of NPO
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon