The small piece of paper used for a bank deposit is called a ______.

The small piece of paper used for a bank deposit is called a ______.

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

Answer: (A)

Understanding the specific paper used to record a bank deposit helps you pick the right term. A deposit slip is that small sheet you fill out with your account number, name, date, and the amount you’re depositing (cash and checks). You hand the deposit slip to the teller along with your cash and checks so your account is credited correctly. The slip serves as the record that the bank uses to process the deposit. A receipt is the proof you receive after the deposit has been processed, not the sheet you fill out to make the deposit. A voucher is a general term for supporting financial documents, and a check is a document you use to pay or transfer money to someone else, not to deposit funds. So the best fit for the described paper is slip, specifically a deposit slip.

Understanding the specific paper used to record a bank deposit helps you pick the right term. A deposit slip is that small sheet you fill out with your account number, name, date, and the amount you’re depositing (cash and checks). You hand the deposit slip to the teller along with your cash and checks so your account is credited correctly. The slip serves as the record that the bank uses to process the deposit. A receipt is the proof you receive after the deposit has been processed, not the sheet you fill out to make the deposit. A voucher is a general term for supporting financial documents, and a check is a document you use to pay or transfer money to someone else, not to deposit funds. So the best fit for the described paper is slip, specifically a deposit slip.