mention two characteristics of a pay in slip
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Answer:
A pay-in slip sounds like another term for what is more commonly called a deposit slip. When a person wants to deposit checks or cash in his bank account he customarily fills out a slip to show the number of his account, the date, and the details of the deposit.Some deposits will consist of checks, and the depositor will list each check with the check number and the total amount of the deposit.
A deposit slip is a form supplied by a bank for a depositor to fill out, designed to document in categories the items included in the deposit transaction. The categories include type of item, and if it is a cheque, where it is from such as a local bank or a state if the bank is not local. The teller keeps the deposit slip along with the deposit (cash and cheques), and provides the depositor with a receipt. They are filled in a store and not a bank, so it is very convenient in paying. They also are a means of transport of money.[1][2][3] Pay-in slips encourage the sorting of cash and coins, are filled in and signed by the person who deposited the money, and some tear off from a record that is also filled in by the depositor.[4][5] Deposit slips are also called deposit tickets and come in a variety of designs. They are signed by the depositor if the depositor is cashing some of the accompanying check and depositing the rest.