Question

Only withdrawal slip is used by the account holder for withdrawal of cash from the bank.

• A. True
• B. False

Answer 1

The correct option is B False

The statement "Only withdrawal slip is used by the account holder for withdrawal of cash bank", is false, as money can be withdrawn from a bank either through a withdrawal slip or a cheque. In fact, a bearer cheque is just like a withdrawal slip, as any person possessing the cheque will be paid when he/she deposits in a bank. Thus, it is not necessary that only a withdrawal slip can be used to withdraw money from a bank.