BANKING AFFAIRS

Detailed explanation-1: -A deposit slip is a small paper form that a bank customer includes when depositing funds into a bank account. A deposit slip, by definition, contains the date, the name of the depositor, the depositor’s account number, and the amounts being deposited.

Detailed explanation-2: -Filling Out a Deposit Slip It includes the name of the depositor and the account number, along with the name of the account holder to whom the deposit is being made to. Pre-printed deposit slips from checkbooks usually already have the information filled in for the checkbook holder.

Detailed explanation-3: -The deposit slip works as a proof for the bank acknowledging the payment received from the customer. Upon entering a bank, a customer can find a pile of deposit slips with designated fields to fill in the required information to complete the deposit process.