Banking and bank transactions - class-XI
Description: banking and bank transactions | |
Number of Questions: 43 | |
Created by: Preeti Dasgupta | |
Tags: original entry: journal and subsidiary books business and commercial activities negotiable instruments 2 - bills of exchange, promissory notes and hundis journal commercial applications accounting for bills of exchange transaction cash book and its types business organisation and correspondence negotiable instruments 1 - cheque accountancy economics cash book and bank related transactions cash book elements of accounts banking and bank transactions |
A ____________ is a part of the voucher which is considered as a legal evidence of depositing cash or cheque into the bank account.
The pay in slips provided by the bank do not have specific denominations mentioned for particulars of cash to be deposited.
Entries for cash and cheque deposits affecting bank account are passed on the basis of ____________.
The _____________ of a pay in slip is in the form of of the rubber stamp of the bank.
Amount in the bank account can be used either using _________ or the cheques.
A pay in slip is a ___________form provided by the bank to facilitate the account holders to deposit money or cheques in the account.
The pay in slip of the bank requires the deposit amount to be specified in figures and words both.
A pay in slip can be used to deposit only cash in bank account.
Generally, the use of withdrawal slips is restricted to __________ account.
The pay in slips for different types of accounts like savings, current, etc are _____________.
______________ on the front and back side of the withdrawal slip are to be matched with the specimen available with the bank.
There is no need to mention the name of any person on the withdrawal slip.
A withdrawal slip is a/an __________ document.
The signatures on the withdrawal slips and the specimen available with the bank should match compulsorily.
Following are the types of bank documents except for ___________.
Amounts on the withdrawal slips are to be mentioned in figures as well as words.
A document which is used in place of cheque for withdrawing amounts from bank is a/an ____________.
All the documents which are used by the account holders to facilitate transactions with bank are collectively known as __________ documents.
Whenever the amounts are collected or paid by the banks on some specific dates as per the standing instructions by the account holder, an intimation for the same is sent by the bank. Such intimation is known as __________.
A type of cheque where the holder is paid the amount, across the counter of bank.
A cheque in which bank makes cash payment to any one who presents cheque on the counter of the bank __________.
_____________ is used by the account holder for depositing cash/cheques into the bank.
Account holders are required to carry a passbook whenever he goes to the bank to do banking transaction.
Crossed cheque is very safe cheque.
Order cheque is as good as cash.
Account holders are not allowed to carry withdrawal slips home.
A bearer cheque is just like a withdrawal slip.
Bearer cheque can be encashed by any one.
In the case of "A/c Payee" crossing further transferability of cheque is not possible.
The longer part of pay-in-slip is called counter folio.
One outgoing cheque of Rs. 112 sent to a creditor but omitted to be recorded in the Cash Book. ( Note: This cheque was presented in the Bank ). When the balance as per Cash Book is the starting point __________ .
A crossed cheque is always payable across the bank counter.
When balance as per Pass Book is the starting point which of the following is subtracted _______________.
The process of recording is done ____________________.
When balance as per Cash Book is the starting point which of the following is subtracted ________________.
When balance as per Pass Book is the starting point which of the following is added ______________.
Withdrawal of Cash from Bank for personal use should be credited to ________________.
Withdrawal of cash from Bank should be debited to _______________.
For the purpose of attracting the provisions of section 138 of the Negotiable Instruments Act, 1881, a cheque has to be presented to the bank _____________________.
A cheque is drawn only on the bank in which the drawer has his account. But the bill of exchange can be drawn on _______________ including a ___________.
Which one of the following is 'Not' the feature of a cheque?
Crossing of a cheque effects the ___________________.
As per Negotiable Instrument Act $1881$ all of the following are types of the cheque EXCEPT: