BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Cash deposits of bills and coins are listed on the line labeled CASH on deposit slips.
A
True
B
False
Explanation: 

Detailed explanation-1: -A deposit slip contains the date, the name of the depositor, the depositor’s account number, and the amounts being deposited as well as break down of whether the deposit is comprised of checks, cash, or if the depositor wants a specific amount of cash back from a check deposit.

Detailed explanation-2: -List the Cash Amount of Your Deposit. This is the total amount of currency (bills and coins) that you have for the deposit. If you do not have any cash to deposit, leave this line blank.

Detailed explanation-3: -A cash deposit slip is a record of how much money will be/has been deposited into a bank account. In simple words, a cash deposit slip is a form that is used to itemize the cheques and cash being deposited into a bank account.

Detailed explanation-4: -Indicate the amount of cash you’re depositing. Typically, the cash deposit line is the first line on the right side of the deposit slip. It has a small black triangle next to it, along with the word “CASH.” Total the amount of cash you’re depositing and write it on this line.

There is 1 question to complete.