Topic 5 Unit 2 Figure 5.3 Examples of deposit slips Activity...

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Accounting

Topic 5 Unit 2
Figure 5.3 Examples of deposit slips
Activity 5.4 Analyse deposit slips
Look at the two different deposit slips shown above. Name two major differences.
(4)
There are two forms of money that can be deposited into an account. What are they?
(2)
Why do you think that the two forms of money must be shown separately on a deposit slip?
What details are required on deposit slips when cheques are deposited?
Why do you think this information needs to be entered?
(2)
Can anybody deposit money into an account or can only the account
(2)
holder deposit money? Why?
(2)
Visit your local bank and get a deposit slip. Record the following information on the deposit slip: Your account number is 12345678 and you have a savings account at Kloof Branch.
You have just had a birthday and you received the following:
R1000 cash made up of R20 notes, 1 x R50 and 2 R100 notes.
Your parents, who have an account at the same bank, have given you a cheque for R200 as a gift.
(5)
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