Fundamentals of Accountancy, Business, and Management 2

Which of the following is NOT an example of bank account maintained by a

business?

• Saving account

• Checking account

• Time deposit account

• Bank check

Which of the following does NOT pertains to checking account?

• Allows the depositor to issue bank checks

• Intended to provide an incentive for the depositor to save money

• Rarely earn interests because of the fast turnover

• It is like savings account with added feature

Which of the following two bank accounts usually maintained by a business?

• Savings and time deposit account

• Savings and checking account

• Checking and time deposit account

• Time deposit and unit investment trust funds account

Which of the following bank form is used when a depositor wants to put money

on his/her account?

• Deposit slip

• Withdrawal slip

• Bank check

• Indemnity form

Which of the following document is used when a depositor wants to get money

from his/her savings account?

• Deposit slip

• Withdrawal slip

• Bank check

• Indemnity form

Which of the following is FALSE?

• The depositor should always be the holder of the account

• Only the account holder may withdraw from his account

• The bank deposit slip should be validated by the teller that accepts it

• The signature of the account holder is required in the withdrawal slip

Which of the following information is NOT needed in filling-out the deposit slip?

• Account number

• Account name

• Date of transaction

• Signature of the depositor

Which of the following is the MOST important part in a withdrawal slip?

• Type of account

• Currency

• Signature of the depositor

• Amount to be withdrawn

Which of the following is TRUE?

• A passbook is a booklet used to record bank transactions on a checking

  account

• A withdrawal slip is used only for passbook savings account

• A savings account holder is not allowed to make withdrawals through a

  withdrawal slip

• A bank deposit slip is validated by the teller to signify releasing of the

  fund

Which of the following is FALSE regarding the KINDS of deposit slip?

• There are two kinds of deposit slip, cash deposit slip and check deposit

  slip

• Some banks merge two kinds of deposit slip (cash & check) into one

• For check deposit, the check, check number and issuing bank should be

  indicated

• The depositor is required to indicate the denomination of the check

  deposit