transaction-slip

Vocabulary Word

Definition

A 'transaction slip' is a document you get from the bank when you make a transaction. It shows important details like the date, the amount of money moved, and the account it went to or came from.

Examples in Different Contexts

In retail, a transaction slip often serves as proof of purchase or payment. A cashier might explain, 'Your transaction slip is attached to the receipt; it includes the details of your purchase and payment method.'

Practice Scenarios

Banking

Scenario:

Before depositing a cash cheque, it's always good to check the procedures in place.

Response:

I agree, I will ask for a transaction slip after depositing the cheque.

Accounting

Scenario:

Following rigorous audit procedures can ensure the accuracy and transparency of our financial dealings.

Response:

Indeed, I always include transaction slips in my audit trails to ensure no discrepancies arise.