deposit-slip

Vocabulary Word

Definition

A 'deposit slip' is a document that you fill out when adding money to a bank account. It includes information like your account number, date and the amount being deposited.

Examples in Different Contexts

In account management, using a 'deposit-slip' helps track deposits and ensures accurate allocation to the correct account. An account manager might advise, 'Always double-check the details on your deposit-slip to avoid any discrepancies in your account records.'

Practice Scenarios

Operations

Scenario:

As we streamline our cash handling procedures, we need to ensure all cash inflows are documented accurately.

Response:

I've been vigilant about cross-checking deposit slip amounts with bank statements to maintain accuracy.

Accounting

Scenario:

When handling company finances, it's important we keep accurate records of all transactions and receipts.

Response:

I always make sure to keep copies of all deposit slips for our records.