Multiple choice

Pay-in slip is used

  1. for withdrawing the money from a bank account

  2. for depositing the money in a bank account

  3. for deposit of gold or other commodity in a loan account

  4. all of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A pay-in slip or deposit slip is used when depositing money into a bank account. It contains details like account number, deposit amount, and date. The other options are incorrect because pay-in slips are specifically for deposits, not withdrawals or commodity deposits.

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