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Question

Document used for depositing cash or cheque into the bank is ________________.
  1. Cash memo
  2. Cheque
  3. Pay-in-slip
  4. Bills

A
Pay-in-slip
B
Bills
C
Cheque
D
Cash memo
Solution
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A particular bank account is accessible by the account holder for 2 purposes, to deposit the amount and to withdraw the amount. For withdrawing the amount, cheque book or withdrawal slip is used by the account holder. In order to deposit the amount, a pay in slip is used by the account holder.

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Q5
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2) A receipt is used for cash sales.
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