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Question
State whether the following statement is True or False with reasons:
Bank Statement is sent by Bank to businessman.
Options
True
False
Solution
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Alphanumeric code that facilitates electronic funds transfer in India.
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Bank advice is sent by the businessman to bank.
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Pay-in-slip is used for depositing cheque into bank.
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Payment and receipt of cash through internet banking generates automatic proof.
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A __________ is a summary of financial transactions that take place over a period of time on a bank account.
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The form filled for withdrawing cash from bank is known as __________.
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A businessman can update his records on receiving __________.
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Bank Statement
Draft the following specimen with imaginary Name, Account number, Amount.
Pay-in-slip
Draft the following specimen with imaginary Name, Account number, Amount:
Withdrawal slip
Draft the following specimen with imaginary Name, Account number, Amount.
Bank Pass Book
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Bank Advice
Correct and rewrite the following statement:
The form filled for depositing cash or cheque into the bank is known as Pass Book.
Correct and rewrite the following statement:
Debit balance as per Pass Book is known as favourable balance.