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    Banking Instrument

    Uploaded by

    Shweta Patel
    This document defines and describes various banking instruments including deposits and withdrawal slips, cheques, demand drafts, debit and credit notes, and vouchers. It explains that deposits are made by filling out a pay-in slip, which is signed by the cashier as a receipt. Cheques can be open or crossed, with crossed cheques providing more security. A demand draft is a bill drawn by one bank on another, while debit and credit notes are used to record amounts owed or owed back for goods. Finally, a voucher represents a monetary value that can only be spent on specific items.

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    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd

    Banking Instrument

    Uploaded by

    Shweta Patel
    1K views10 pages
    This document defines and describes various banking instruments including deposits and withdrawal slips, cheques, demand drafts, debit and credit notes, and vouchers. It explains that deposits are made by filling out a pay-in slip, which is signed by the cashier as a receipt. Cheques can be open or crossed, with crossed cheques providing more security. A demand draft is a bill drawn by one bank on another, while debit and credit notes are used to record amounts owed or owed back for goods. Finally, a voucher represents a monetary value that can only be spent on specific items.

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    This document defines and describes various banking instruments including deposits and withdrawal slips, cheques, demand drafts, debit and credit notes, and vouchers. It explains that deposits are made by filling out a pay-in slip, which is signed by the cashier as a receipt. Cheques can be open or crossed, with crossed cheques providing more security. A demand draft is a bill drawn by one bank on another, while debit and credit notes are used to record amounts owed or owed back for goods. Finally, a voucher represents a monetary value that can only be spent on specific items.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    1K views10 pages

    Banking Instrument

    Uploaded by

    Shweta Patel
    This document defines and describes various banking instruments including deposits and withdrawal slips, cheques, demand drafts, debit and credit notes, and vouchers. It explains that deposits are made by filling out a pay-in slip, which is signed by the cashier as a receipt. Cheques can be open or crossed, with crossed cheques providing more security. A demand draft is a bill drawn by one bank on another, while debit and credit notes are used to record amounts owed or owed back for goods. Finally, a voucher represents a monetary value that can only be spent on specific items.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 10

    Banking Instrument

    Click to edit Master subtitle style

    4/21/12

    INSTRUMENTS

    Deposits or pay-in-slip Cheques Demand drafts Debit and credit note Vouchers

    4/21/12

    DEPOSITS AND WITHDRAWALS SLIP:

    The deposits are made by filling up a pay-in-slip. The form of the pay-in-slip is:

    It is used to deposit money in the bank and returned to the depositor.

    It has the signature of the cashier, as receipt. It gives the details regarding the date, the amount
    4/21/12

    deposited.

    CHEQUES

    It is a bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand

    TYPES OF CHEQUES
    1.OPEN CHEQUE 2.CROSSED CHEQUE
    4/21/12

    Bearer or open cheques

    It is been payable at the counter of drawee banker on presentment.

    It carry risk of being lost or stolen. Finder may encashed the cheques.

    4/21/12

    CROSSED CHEQUES

    Cheques crossed generally:-two transverse parallel line marked across its face. -&co. "between the transverse parallel line. -not negotiable between the transverse parallel line.

    Cheques crossed specially:


    4/21/12

    Cheques crossed A/c payee:

    BANK DRAFT

    Bank draft is a bill drawn either on demand or otherwise by one banker on another in favor of a third party or by one branch of a bank on another branch of the same bank or by the head office of a branch or vice versa for a sum of money payable on demand or order.

    4/21/12

    DEBIT NOTE
    It is a document evidencing that a debit to be raised against a party for other reasons, for e.g., when goods are returned to a supplier or when an additional amount is recoverable from a customer.

    CREDIT NOTE
    It is made out when a party is to be given a credit except against the bill already received from it. When goods are received back from a customer, a proper credit note should be given to him.

    4/21/12

    VOUCHER

    A voucher is a bond which is worth a certain monetary value and which may be spent only for specific reasons or on specific goods. Examples include (but are not limited to) housing, travel, and food vouchers.

    4/21/12

    THANK YOU
    4/21/12

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