What is a Pay-in-slip book?

1.	What is a Pay-in-slip book?
Answer» Pay-in-slip books used for depositing cash and cheques in the bank. The book consists of 10, 20 or 30 slips. The slip has two parts-original and counterfoil. The details of cash or cheque are entered in the slip as well as in the counterfoil and are sent to the bank. The clerk concerned checks the details and accepts the cash or cheque. Then he stamps the counterfoil and puts his signature on it. The original part of pay in slip remains with the bank. Generally, different pay in slips is used for depositing cheques and cash. They are different in colour.

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