A small paper used in a banking deposit is commonly called a ______.

A small paper used in a banking deposit is commonly called a ______.

• A. Slip
• B. Receipt
• C. Voucher
• D. Invoice

Answer: (A)

This question tests your understanding of banking vocabulary for a small paper used when making a deposit. In banks, the form you fill out to record cash or checks you’re depositing is called a deposit slip (often simply a slip). It’s the short paper you complete with details like the account to credit and the deposit amount, used to initiate and record the transaction. A receipt is the proof you receive after the deposit is processed, not the form used to record the deposit beforehand. A voucher is an internal document used for recording or authorizing payments, not specifically for deposits. An invoice is a bill issued for payment, unrelated to making a deposit.

This question tests your understanding of banking vocabulary for a small paper used when making a deposit. In banks, the form you fill out to record cash or checks you’re depositing is called a deposit slip (often simply a slip). It’s the short paper you complete with details like the account to credit and the deposit amount, used to initiate and record the transaction.

A receipt is the proof you receive after the deposit is processed, not the form used to record the deposit beforehand. A voucher is an internal document used for recording or authorizing payments, not specifically for deposits. An invoice is a bill issued for payment, unrelated to making a deposit.