Deposit And Withdrawal
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The document explains how to fill out deposit and withdrawal slips when depositing and withdrawing money from a bank account. It discusses key terms like deposit, withdrawal, less cash, and net deposit. It provides an example of Johnny depositing a $30 paycheck while also withdrawing $10 in cash, showing that the net deposit is $30 - $10 = $20. Finally, it shows examples of correctly and incorrectly filled out deposit slips.
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procedure to open an account
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current account
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pros of savings account
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recurring deposit
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cons of fixed comparisondeposits
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A business usually pays other parties by cheque, with information written on both the cheque itself and a corresponding cheque counterfoil. A deposit slip is filled out when depositing money including cash, cheques, and money orders into a bank account, with the depositor keeping a duplicate and the bank keeping the original. When a customer pays a business through various methods like cash, cheque, or credit/debit card, the business can provide a receipt, cash register receipt, or credit card slip to acknowledge receiving payment.
Collecting and paying banker
The document discusses the roles and responsibilities of collecting bankers and paying bankers when dealing with cheques. It outlines two options a customer has when receiving a cheque - depositing it directly or sending it to their banker for collection. It explains that a collecting banker can act as a holder for value or as an agent, and describes the conditions under which they are considered a holder for value. The duties of paying bankers to verify cheque details and ensure sufficient funds are also summarized. Finally, it discusses the statutory protections provided to collecting and paying bankers if they act in good faith and without negligence.
Cashbook, Passbook and BRC
This document provides an overview of cash books, pass books, and bank reconciliation statements. It defines key terms like cash book, petty cash book, pass book, and bank reconciliation statement. It explains the different types of cash books (simple, two-column, three-column), and how to record transactions in each. It also outlines the process for preparing a bank reconciliation statement by identifying reconciling items that cause a difference between the cash book and pass book balances.
Cheque and its types
"Cheque is an instrument in writing containing an unconditional order, addressed to a banker, sign by the person who has deposited money with the banker, requiring him to pay on demand a certain sum of money only to or to the order of certain person or to the bearer of instrument."
All about a cheque
This post explains how to write cheques and dos and don'ts which must be followed to avoid a payment fraud.
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Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
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Deposit And Withdrawal
- 1. By: Mr. Drescher Deposits and Withdrawals
- 3. Deposit Slip
- 5. Deposit “ OH YEAH ! ! ! I’ve got MONEY, MONEY, MONEY! I’m going to deposit it in the bank for safe keeping! Depositing money is when we ADD money to our bank account. This keeps our money safe so we don’t lose it! No worries, we can withdraw it whenever we want! Well, when the bank is open at least!
- 6. Deposit Slip NOTICE!! This dark line is like a decimal. Everything on the other side is the “CHANGE”
- 7. Withdrawal “ I’m HUNGRY!!!!!” I need to withdraw some money out of the bank to buy food! When we withdraw, we are SUBTRACTING money out of our bank account. Always monitor how much is in your account!
- 10. Situation Johnny has $22 in cash. He also has a $30 paycheck. On his deposit slip he puts $10 in the less cash section. $22 CASH $30 PAYCHECK Why would he take $10 out in cash when he is depositing $22 in cash?????? He should take $10 out of the $22 he already has BEFORE depositing any money.
- 11. Net Deposit “ Ok. My paycheck is $30, BUT of that $30 I want $10 to keep in my wallet. The $10 is where I write less cash. $30 - $10 = $20 $20 is his NET DEPOSIT !
- 12. Filling out a Deposit Slip Trevor Drescher 139966 9/16/09 8 4 0 0 Add up all your checks and cash! If you want some money, you can withdraw it at the same time! Take subtotal and subtract less cash to find your net deposit 1 0 8 0 0 4 0 0 0 2 4 0 0 6 8 0 0
- 13. 9/16/09 Trevor Drescher 139966 8 4 0 0
- 14. Banking Detectives: Case 1 Trevor Drescher 139966 9/16/09 4 2 0 0 2 4 0 0 6 6 0 0 Trevor Drescher 139966 Trevor Drescher 139966 6 6 0 0 NO PROBLEMS
- 15. Banking Detectives: Case 2 139966 9/16/09 2 3 0 0 6 4 0 0 8 7 0 0 7 7 0 0 PROBLEMS!!!!!! 1 0 0 0 Why would someone need to take OUT cash when they are depositing cash??????? Trevor Drescher
- 16. Banking Detectives: Case 3 Trevor Drescher 139966 9/16/09 3 3 0 0 6 4 0 0 9 7 0 0 Trevor Drescher 139966 Trevor Drescher 9 7 0 0 PROBLEMS!!!!!! 1 0 0 0 He forgot to subtract the money he wants to withdrawal (less cash). The net deposit should be $87.00. PLUS, if he did want money, he needs to sign for his money!