Accounting JAMB

Which of these is the main source document for recording cash paid into bank?

A. invoice
B. cheque book
C. credit note
D. pay-in-slip

Correct Answer:

Option D – pay-in-slip

Explanation

Pay-in-slip: This is in form of a slip designed with the name of the bank on top that has dates amounts in figure and word, column for the denomination of money paid in signature bank teller, stamp to prove the money is deposited into the bank

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