Question

Long Answer Questions.
State and explain the Pay-in-slip and Withdrawal slip.

Answer 1

• A document used by the account holders for depositing cash as well as cheques into the bank is known as pay-in slip. Pay-in-slip is also known as deposit slip. When any customer wants to deposit cash or cheque, this pay-in-slip or deposit slip needs to get filled up. Pay-in-slip helps to keep a record of the details of the deposits.

• Withdrawal slip helps a person withdraw the necessary amount from his/her bank account. A document used by the account holders to withdraw cash from the bank is known as withdrawal slip. Withdrawal slip helps to keep a record of the details of the withdrawal amount.