12

Fundamentals of Accountancy, Business and

Management 2
Quarter 2 – Module 1 Week 1 and 2
Basic Documents and Transactions Related to Bank
Deposits
The following are some reminders in using this module:

1. Use the module with care. Do not put unnecessary mark/s on any part of
the module. Use a separate sheet of paper in answering the exercises.
2. Don’t forget to answer What I Know before moving on to the other activities
included in the module.
3. Read the instruction carefully before doing each task.
4. Observe honesty and integrity in doing the tasks and checking your
answers.
5. Finish the task at hand before proceeding to the next.
6. Return this module to your teacher/facilitator once you are through with it.
If you encounter any difficulty in answering the tasks in this module, do not
hesitate to consult your teacher or facilitator. Always bear in mind that you are
not alone.

We hope that through this material, you will experience meaningful learning
and gain deep understanding of the relevant competencies. You can do it!
 What I Need to Know

This module was designed and written with you in mind. It is here to help you
master the basic documents and transactions related to bank deposit. The scope of
this module permits it to be used in many different learning situations. The
language used recognizes the diverse vocabulary level of students. The lessons are
arranged to follow the standard sequence of the course. But the order in which you
read them can be changed to correspond with the textbook you are now using.

The module is divided into two lessons, namely:

 Lesson 1 – Different Kinds of Bank Accounts
 Lesson 2 – Bank Deposits and Withdrawals Slips

After going through this module, you are expected to:

1. Identify the types of bank accounts normally maintained by a business;
2. Distinguish the difference of the types of bank accounts;
3. Differentiate bank’s deposits and withdrawal slips; and
4. Prepare bank deposits and withdrawal slips

1
 What I Know
Directions: Choose the letter of the best answer and write it on a separate sheet of
paper.

1. Which of the following does NOT pertain to a checking account?

a. Allows the depositor to issue bank checks
b. Intended to provide an incentive for the depositor to save money
c. Rarely earn interests because of the fast turnover
d. It is like savings account with added feature

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

business?
a. Saving account c. Time deposit account
b. Checking account d. Bank check

3. Money held under this type of account can be withdrawn through issuance of
check.
a. Savings account c. Checking account
b. Time deposit account d. Unit investment trust funds

4. Which of the following best describes time deposit account?

a. It is an investment placement
b. Allows the depositor to issue bank checks
c. The purpose of the account is for safekeeping
d. Investments in stocks and bonds without directly investing in those
securities

5. Which of the following does NOT describe the reason for the opening of bank
account of a business?
a. Cash is easily misappropriated if not properly safeguarded
b. Bank accounts are at the center of critical control policies for cash
c. Cash payments should be settled through bank checks
d. Investments in stocks and bonds without directly investing in those
securities

6. Which of the following bank accounts earns lower interest rate than the other?
a. Savings account c. Checking account
b. Time deposit account d. Unit investment trust funds

7. This type of account is held for a fixed period of time and can be withdrawn only
after the lapse of the fixed-term
a. Savings account c. Checking account
b. Time deposit account d. Unit investment trust funds
8. Which of the following is TRUE?
a. A passbook is a booklet used to record bank transactions on a checking
account
b. A withdrawal slip is used only for passbook savings account
c. A savings account holder is not allowed to make withdrawals through a
withdrawal slip
d. A bank deposit slip is validated by the teller to signify releasing of the
fund

9. Which of the following is FALSE?

a. The depositor should always be the holder of the account
b. Only the account holder may withdraw from his account
c. The bank deposit slip should be validated by the teller that accepts it
d. The signature of the account holder is required in the withdrawal slip

10. Which of the following bank form is used when a depositor wants to put
money on his/her account?
a. Deposit slip c. Bank check
b. Withdrawal slip d. Indemnity form

11. Which of the following document is used when a depositor wants to get money
from his/her savings account?
a. Deposit slip c. Bank check
b. Withdrawal slip d. Indemnity form

12. Which of the following is FALSE regarding the KINDS of deposit slip?
a. There are two kinds of deposit slip, cash deposit slip and check deposit
slip
b. Some banks merge two kinds of deposit slip (cash & check) into one
c. For check deposit, the check, check number and issuing bank should be
indicated
d. The depositor is required to indicate the denomination of the check
deposit

13. Which of the following information is NOT needed in filling-out the deposit slip?
a. Account number c. Date of transaction
b. Account name d. Signature of the depositor

14. Which of the following two bank accounts usually maintained by a business?
a. Savings and time deposit account
b. Savings and checking account
c. Checking and time deposit account
d. Time deposit and unit investment trust funds account

15. Which of the following is the MOST important part in a withdrawal slip?
a. Type of account c. Signature of the depositor
b. Currency d. Amount to be withdrawn

3
Lesson
Different Kinds of Bank
1 Accounts
Assets are resources owned by a company and in order to safeguard its assets and
to ensure that company resources are not misused or misappropriated, the
company implements controls. Cash is an important asset of a company and it is
also one of the easily misappropriated assets if not properly safeguarded. Bank
accounts are at the center of critical control policies for cash. All cash receipts
should be deposited in the bank at the end of the day. Very minimal amounts
should be left in the company’s premises overnight. Also, cash payments should be
settled through bank check and processes through the voucher system. Given the
company’s extensive use of the banking system, we will discuss the different kinds
of bank accounts usually maintained by a business in this lesson.

What’s In

In the previous lesson, you have learned about the preparation and analysis of
financial statements of a service and merchandising business using horizontal and
vertical analyses, and financial ratios. Your knowledge and skills in the analysis of
financial statements will aid the future entrepreneurs in you in making sound
economic decisions.

Notes to the Teacher

The brief discussion above provided enough information for the
students to do the activities on the succeeding pages. Such
activities are designed for individual preparation and lesser
teacher intervention.

4
 What’s New

Below activity will help you familiarize yourself with our first lesson on this module.

Activity 1: LINK the Bank!

Direction: On a separate answer sheet, give what are being asked in each item.

1. Enumerate the bank that are existing within your municipalities.

2. Do you have any bank account? How about your family or anyone in your family?

3. What is the purpose of your bank account?

4. Why did you choose that certain bank where you maintain your account?

5
 What is It

In Activity 1, you were able to familiarize and linked yourself with banking and
bank accounts. In this part of the module, you will further find out the definition
and examples of the different kinds of bank accounts usually maintained by a
business or by an individual.

SAVINGS ACCOUNT
 The simplest bank account is the savings account. The business deposits
money in the bank for safekeeping.
 The account earns minimal interest and may have a minimum balance
requirement
 Some savings accounts are linked with passbook.
o Passbook – is a booklet used to record bank transactions on a savings
account. It contains a chronological record of deposits, withdrawals and
interest earnings.
 Some savings account come with an ATM card
o ATM Card – are used for making transactions in Automated Teller
Machines (ATM). Some ATM cards also functions as debit cards.
o Debit Cards – are linked with the VISA or MasterCard networks that allow
depositors to use their cards to make payments in various
establishments.
 Some banks give their depositors internet banking privileges. This allows them
to access their statement of accounts and make payments online
 Withdrawals from savings account maybe made over-the-counter, ATMs,
online payments and debit card transactions.

CHECKING or CURRENT ACCOUNT

 A checking account is like a savings account with an added feature – the
depositor can issue bank checks
o Bank checks – is an acceptable form of payments. It allows depositors to
pay large sums using one sheet of paper instead of carrying currencies. It
can also provide additional control feature that prevent misappropriation
of cash. A payee can be specifically named such that no other person or
entity can use it. Moreover, a check can be “crossed” or “restricted for
payee’s account only”. This means that the check will only be accepted
for deposit to the payee’s bank account and cannot be encashed over the
counter.
 Checking accounts rarely earn interest because of the fast turnover of
transactions. To cater their customers’ demand for better interest rates, most
banks offer hybrid accounts. These are combinations of savings and checking
account. There are ATM-passbook checking accounts. There are also hybrid

6
 accounts that earn higher interest rates but limits check withdrawal to a few
checks a month such as premium deposit account.

TIME DEPOSITS AND OTHER INVESTMENT ACCOUNTS

Time Deposit
 Time deposit accounts are investment placements.
 The depositor agrees not to withdraw the funds over the contracted period in
exchange for fixed interest rates that are higher than deposit rates.
 Time deposits are evidenced by certificates of time deposits (CTD)

Unit Investment Trust Fund (UITF)

 UITF allows investors to gain the benefit and suffer the losses of investments
in stocks and bonds without directly investing in those securities.
 Investors purchase units of the pooled funds
 The investor earns income not through interest but on the increase in fair
market value of the pooled fund.

Remember!
 Savings and checking accounts are the two accounts
usually maintained by business
 Depending on its banking license, the bank can offer other
forms of investment vehicles to their clients. There are
mutual funds, variable insurance, government securities
and corporate notes, among others. We limit our discussion
to time deposits and UITF.

Notes to the Teacher

The brief discussion above provided enough information for the
students to do the activities on the succeeding pages. Such
activities are designed for individual preparation and lesser
teacher intervention.
 What’s More

Activity 2: NAME the Accounts!

Directions: Name the bank accounts maintained by the following individuals. Write
you answer on a separate answer sheet.

1. Alex has a bank account at Land bank of the Philippines that enable him to
issue bank checks.
2. The account maintained by Bobby at BDO is known to be the simplest bank
account and is linked with a passbook.
3. Teddy agrees with Metro bank not to withdraw the funds in his account over a
contracted period in exchange for fixed interest rates.
4. Gabby has an account in BPI that allows him to gain the benefit and suffer the
losses of investments in stocks and bonds without directly investing in those
securities.
5. The account of CJ in Allied Bank is also known as current account.
6. Joliber has an account at PNB that earns income not through interest but on
the increase in fair market value of the pooled fund.
7. As a result of the fast turnover of transactions, this account of Alyza at Union
Bank rarely earns interest.
8. Your friend, Freny show you her certificate of time deposit (CTD) as evidence of
her account in DBP.
9. Zaldy’s account at FCB earns minimal interest and have minimum balance
requirement of P2,000.00
10. The account of Jhun Rey at WestBank allows him to pay large sums using one
sheet of paper instead of carrying currencies.

8
Activity 3: NET the Bank On!
Directions: Visit a bank in your locality or go to the website of any bank of your
choice. Make a report on the following offering of the bank. Focus on the features of
the account, interest rates offered, privileges and limitations of the account.
1. Deposit accounts
2. Investment accounts
Use the following matrix on your report. You will be graded base on the rubrics that
follows.
Name of Bank:
Privileges
Sample
Features Interest rates and
Account
Limitations
Deposit
accounts
Investment
accounts

Note: If you happened to visit a bank, secure also a copy of their deposit slips and
withdrawal slip. Also take a picture of you during your visit. You will be needing
this for the next activity. See Activity 4 for more details.

Rubrics in Rating Activity 4: Net the Bank On!

Score Criteria
5 All needed information, details/explanation in the matrix/table is
present
4 Only 7 to 8 needed information, details/explanation in the matrix/table
is present
3 Only 5 to 6 needed information, details/explanation in the matrix/table
is present
2 Only 3 to 4 needed information, details/explanation in the matrix/table
is present
1 Only 1 to 2 needed information, details/explanation in the
matrix/table is present

9
Lesson Bank Deposits and
2 Withdrawal Slips

There is a corresponding bank form for almost every transaction with the bank.
Take for example the opening of bank account. The forms to be filled and signed
are numerous. There are account opening forms, signature cards, investor
suitability forms and indemnity forms. Do not worry, we will not discuss all of these
forms here. We will limit ourselves with the deposit slip and withdrawal slip.
Moreover, we will only look at the basic format of these forms. Most banks have
their own formats which are tailored to their needs.

What’s In

In the previous lesson, you have learned the different types of bank account
usually maintained by a business. It can have deposit accounts such as savings
and checking account which are transactional in nature. Companies maintain
savings account as an incentive to save money; and checking account in order to
use bank checks. Also, companies can also maintain investment accounts such as
time deposit, unit investment trust funds (IUTF) and other investments that offer
higher interest rates.

In this lesson, we will proceed with the different bank forms used by banks for
every transaction with them; however we will focus only with the deposit slip and
withdrawal slip.

10
 What’s New

Below activity will help you acquaint yourself with our second lesson on this
module.

Activity 4: Let’s FORM It!

Directions: Accomplish only 1 of the 2 tasks, whichever is applicable for you.
However, if the circumstances permit, it is highly recommended to do Task 1.
Task 1: Visit a bank within your vicinity. Get a blank copy of their deposit slip and
withdrawal slip. If you are not allowed to get one, at least take a picture of it.

Task 2: If Task 1 is not applicable for you or is hard to accomplish, just

download from internet a copy of deposit slip and withdrawal slip of any bank. If
you do not have access to the internet, you can look from any accounting books
available. If it is still not possible, you can ask from friends, schoolmates or
acquaintances who may help you. Even a filled-up slip or scratch one will do.
Requirements:

1. Post here or in a separate activity sheet the deposit slip and withdrawal slip
obtained with picture or evidence of you during your visit or research.

2. Briefly describe the content of the deposit slip and withdrawal slip.
Deposit Slip

11
Withdrawal Slip

Rubrics in Rating Activity 4: Let’s FORM It!

Score Criteria
5 All needed forms and/or evidence is present
(1) Deposit slip, (2) withdrawal slip, (3) picture during
visit/research, (4) Description of deposit slip and (5)
Description of the withdrawal slip
4 Only 4 of the needed forms, evidence and or description
is present
3 Only 3 of the needed forms, evidence and or description
is present
2 Only 2 of the needed forms, evidence and or description
is present
1 Only 1 of the needed forms, evidence and or description
is present

12
 What is It
In Activity 4, you were able to familiarize yourself with the format of a deposit slip
and withdrawal slip used by banks for its transactions. In this part of the module,
you will find out further about the description of this forms and how to fill-it out.

DEPOSIT SLIP
 The bank provides deposit slip that the depositor will fill-out every time the
depositor will put in money to his account. The usually required information in
a deposit slip are:
o Account Name – this is the complete name of the depositor that is
reflected in the records of the bank. If it has a pass book, the account
name is indicated on first page inside the passbook.
o Account Number – this is a unique identifier of the account maintained
by the depositor.
o Date of Deposit
o Type of Account
o Currency
o Amount in words and in figures – the amount that the depositor wishes
to put into his account. The amount to be deposited maybe in form of
cash or check.
 There are two kinds of deposit slip, namely cash deposit slip and check deposit
slip. Some banks merge these two into one.
o For check deposit, the depositor will indicate the amount of the check,
check number and issuing bank.
o For cash deposits, the depositor is required to indicate the denomination
of the cash
 The depositor may or may not be the account holder
 A bank deposit is validated by the teller that accepts the deposit. A validation is
a receipt printed on the deposit slip to signify that the deposit was received by
the bank.

Example:

Eybicee Company made two deposits on May 18, 2020 in its Co-Vac Bank
Checking or Current Account with account number 000123455589. One was a
cash deposit for P55,000 composed of 35 pieces of P1,000 bill and 40 pieces of
P500 bill. The second deposit was for P580,761.82 composed of two checks issued
by BDO and Metrobank.

13
 Figure 1 shows the deposit slips for these transactions.

CASH DEPOSIT SLIP CHECK DEPOSIT SLIP

This serves as your receipt when machine validated

This serves as your receipt when machine validated

Machine Validation
Current Account Others Peso Others
Savings Account US Dollar
Machine Validation Account Number: Date:
̸ Current Account Others Peso Others 000123455589 May 18, 2020

Savings Account US Dollar Account Name:

Account Number: Date:
Eybicee Company
000123455589 May 18, Please use separate slip/s for each type of check
2020 Type of Local Out of Town Others Bank's MC
Account Name: Check Regional On Us Manager's Check (MC)
Eybicee Company
Check Deposit Breakdown ( please endorse each check
Cash Deposit Breakdown properly)
Bank/Branch Check Number Amount
Denomination Pieces Amount
BDO-Katipunan 0000193847 234,987.56
P 1,000 35 35,000
M etro bank-Co mmo nwealth 000096432 345,774.26
P 500 40 20,000

TOTAL CHECK DEPOSIT 580,761.82

TOTAL CASH DEPOSIT 55,000

 Withdrawal slip documents the withdrawal from a passbook account. It is a

bank form filled up by the account holder. The required information in the
withdrawal slip are:
o Account Name – the name of the depositor
o Account Number – the unique identifier given by the bank for every
account maintained
o Date of the withdrawal
o Type of account – savings or current
o Currency
o Amount to be withdrawn – the amount that the depositor wishes to
withdraw from his account. The amounts in words and in figures are
indicated.

14
 o Signature of the Depositor
 Only the account holder may withdraw from his account. Therefore, the
signature of the account holder is required in the withdrawal slip. The bank will
only release the funds after verifying the authenticity of the account holder’s
signature by comparing it against the signature in the bank records submitted
during the opening of the account
 Upon release of the funds, the teller will again require the account holder to
sign the “received by” portion to signify that the account holder has received the
correct amount
 Withdrawal slip is used only for passbook account. A checking account holder is
not allowed to make withdrawals through a withdrawal slip. A purely ATM
account holder is required to use the machine and cannot withdraw over the
counter.

Example:

Eybicee Company made a withdrawal of P105,055 from his savings account

(SA#000123455592) at Co-Vac Bank. The withdrawal slip or this transaction is shown in
Figure 2 below.

WITHDRAWAL SLIP
Currency Peso US Dollar Others
Account Number: Date:
000123455592 May 18, 2020
Account Name:
Eybicee Company
Amount (in words)
One hundred five thousand fifty-five pesos
(In figures)
P 105,055
Filled up by
Withdrawal Thru Representative
the account
(Please cross-out if this portion is not applicable) holder
I/We hereby autho rize who
se signature appears belo w to efect this withdrawal for and in my behalf.

Signature of Representative

I /We declare under the penalties of perj ury that my/our co-
depositor/s is/are liv ing.

P eyes MSantos
Signature of Depo sito r/s
Verified by:
jde Approved by:
jjdb
Cash Breakdown
Denomination Pieces Amount
P 1,000 105 105,000
Filled up by the bank
P 50 1 50
Coins P 1 5 5
teller and officer

TOTAL CASH 105,055

Payment Received By:

P eyes MSantos
Signed by signatories of
account holder

Machine Validation
Figure 2: Filled-out Withdrawal
 What’s More
Activity 5: One, Two, Three, FILL!
Directions: Use the deposit slips and withdrawal slip on the next page to answer
the following problems.
 You work for Exwayzey Company. You were tasked to prepare the deposit
slips and withdrawal slip for today, June 28, 2020. You will use the
company’s Co-Vac Bank accounts.

 Deposit to checking account number 000123456789. The deposits are

composed of the following:

o Cash deposit of P145,670 – composed of 100 pieces of P1,000 bills,

80 pieces of P500 bills, 25 pieces of P200 bills, 6 pieces of P100
bills, 1 piece each of P50 bill and P20 bill

o Check deposit of P567,890 – composed of 3 checks.

 BPI-Katipunan branch with check number 00056743 for
P235,670
 Union Bank-Ortigas branch with check number 00087654 for
P125,688
 BDO-Greenhills branch with check number 00056799 for
P206,532

 You were also tasked to prepare withdrawal slip to be signed by the company
president and treasurer.

o Prepare a withdrawal slip from bank account #000123456792 for the

amount of P543,900. This will be used to pay the employee payroll for
June 30.

16
 CASH DEPOSIT SLIP CHECK DEPOSIT SLIP

This serves as your receipt when machine validated

This serves as your receipt when machine validated

Machine Validation
Current Account Others Peso Others
Savings Account US Dollar
Machine Validation Account Number: Date:
̸ Current Account Others Peso Others

US Dollar Account Name:

Savings Account
Account Number: Date:
Please use separate slip/s for each type of check
Account Name: Type of Local Out of Town Others Bank's MC
Check Regional On Us Manager's Check (MC)

Cash Deposit Breakdown Check Deposit Breakdown ( please endorse each check
properly)
Denomination Pieces Amount
Bank/Branch Check Number Amount

TOTAL CASH DEPOSIT

TOTAL CHECK DEPOSIT

17
 What I Have Learned

At this point, let us see how much you have gained from the discussions and
activities you have undergone.

Activity 6: FILL-ing the MISS-ing!

Directions: Fill in the missing information, accounts or description to complete the
thought of each paragraph or sentence.
1. Cash is an important asset of a company that can be easily misappropriated.
To safeguard the cash, a company usually maintains deposit accounts such
as , a simplest form of bank account. It can
also open a , so that it can issue bank checks
instead of carrying large sum.

2. A company can also maintain investment account so that there will be no idle
cash. A bank offers wherein a company agrees
not to withdraw the funds over a contracted period in exchange for fixed
interest rates. A company can also indirectly invest in stocks and bonds
through offered by banks.

3. There is a corresponding bank form for every transaction with the bank.
is used to document a deposit transaction while
documents withdrawal from a passbook
account.

4. The following are the usually required information in a deposit slip: Account
Name, , Date of Deposit, ,
Currency, and .

5. In a withdrawal slip, is the most important part

for without it, the fund will not be released by the bank.

19
 What I Can Do

This activity will help you transfer into real-life situations the knowledge and skills
you have gained or learned from this module.

Activity 7: The Future BANKER!

Directions: Suppose you are a bank manager or owner. Accomplish the following independent
questions and tasks. Write your responses on a separate sheet of paper or activity sheet that may
be provided for you.

1. What are the primary deposit accounts and investment accounts you are going to offer? Why?

2. How are you going to market your bank offerings?

3. Make your own format of deposit slip and withdrawal slip. It can be
handwritten or computerized. You will be graded based on the rubric below.

Rubrics in Rating Activity 7: The Future Banker

Score
Case Facts 3 2 1
Deposit and Offerings are Offerings are No explanation
Investment properly identified identified but not given
account offerings and explained. explained properly
Marketing Marketing strategy Marketing strategy is No explanation
Strategy is properly identified not properly given
and explained explained
All needed There are 1 to There are more
Deposit Slip
information is 2 missing than 2 missing
Format
present information information
The format/design is The format/design is Difficult to
unique and can be common but can be understand
easily understood easily understood
All needed There are 1 to There are more
Withdrawal Slip
information is 2 missing than 2 missing
Format present information
information
The format/design is The format/design is Difficult to
unique and can be common but can be understand
easily understood easily understood

20
 Assessment

Directions: Choose the letter of the best answer. Write the chosen letter on a
separate sheet of paper.

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

business?
a. Saving account c. Time deposit account
b. Checking account d. Bank check

2. Which of the following best describes time deposit account?

a. It is an investment placement
b. Allows the depositor to issue bank checks
c. The purpose of the account is for safekeeping
d. Investments in stocks and bonds without directly investing in those
securities

3. Which of the following does NOT pertains to checking account?

a. Allows the depositor to issue bank checks
b. Intended to provide an incentive for the depositor to save money
c. Rarely earn interests because of the fast turnover
d. It is like savings account with added feature

4. Which of the following bank accounts earns lower interest rate than the other?
a. Savings account c. Checking account
b. Time deposit account d. Unit investment trust funds

5. Money held under this type of account can be withdrawn through issuance of
check –
a. Savings account c. Checking account
b. Time deposit account d. Unit investment trust funds

6. This type of account is held for a fixed period of time and can be withdrawn only
after the lapse of the fixed-term
a. Savings account c. Checking account
b. Time deposit account d. Unit investment trust funds

7. Which of the following does NOT describe the reason for the opening of bank
account of a business?
a. Cash is easily misappropriated if not properly safeguarded
b. Bank accounts are at the center of critical control policies for cash

21
 c. Cash payments should be settled through bank checks
d. Investments in stocks and bonds without directly investing in those
securities

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

a. Savings and time deposit account
b. Savings and checking account
c. Checking and time deposit account
d. Time deposit and unit investment trust funds account

9. Which of the following bank form is used when a depositor wants to put money
on his/her account?
a. Deposit slip c. Bank check
b. Withdrawal slip d. Indemnity form

10. Which of the following document is used when a depositor wants to get money
from his/her savings account?
a. Deposit slip c. Bank check
b. Withdrawal slip d. Indemnity form

11. Which of the following is FALSE?

a. The depositor should always be the holder of the account
b. Only the account holder may withdraw from his account
c. The bank deposit slip should be validated by the teller that accepts it
d. The signature of the account holder is required in the withdrawal slip

12. Which of the following information is NOT needed in filling-out the deposit slip?
a. Account number c. Date of transaction
b. Account name d. Signature of the depositor

13. Which of the following is the MOST important part in a withdrawal slip?
a. Type of account c. Signature of the depositor
b. Currency d. Amount to be withdrawn

14. Which of the following is TRUE?

a. A passbook is a booklet used to record bank transactions on a checking
account
b. A withdrawal slip is used only for passbook savings account
c. A savings account holder is not allowed to make withdrawals through a
withdrawal slip
d. A bank deposit slip is validated by the teller to signify releasing of the
fund

15. Which of the following is FALSE regarding the KINDS of deposit slip?
a. There are two kinds of deposit slip, cash deposit slip and check deposit
slip
b. Some banks merge two kinds of deposit slip (cash & check) into one
c. For check deposit, the check, check number and issuing bank should be
indicated
d. The depositor is required to indicate the denomination of the check
deposit
 Additional Activities

Let us reinforce the skills/knowledge that you have gained from this lesson by
doing the next activity.

Activity 8: The CASE Cracker

This activity will be a help in developing your knowledge in the kinds of bank
accounts and the preparation of deposit and withdrawal slip.

Case 1:

True or False: Read each sentence carefully and determine whether the statement
is True or False. Write your answers in the space provided before the number.

1. The account holder may issue a bank check from a savings

account.
2. The account holder may use the withdrawal slip to get money from
his checking account.
3. Time deposit accounts are investment in nature.
4. Time deposit normally has a fixed interest rate and fixed placement
period.
5. The depositor may or may not be the account holder
Case 2:

You are an OJT at Covid Marie Enterprise. You are assigned to prepare the deposit
slips and withdrawal slip for June 29, 2020. The company maintains its account at
Co-Vac Bank with Savings account #000123456777 and Checking account
#000123456888
The following are presented to you.

 Bills composed of 20 pieces P1,000; 50 pieces P500; 10 pieces P100; 2 pieces

P50 and 3 pieces 20.
 Coins composed of 10 pieces P10; 3 pieces P5
 Check of BPI-Rizal Avenue branch with check number 0004321 for P97,645.
 Check of LBP-Brooke’s Point branch with check number 0001234 for
P45,632.
 Amount to be withdrawn is P87,543.

Prepare the deposit slips and withdrawal slip of Covid Marie Enterprise for June
29, 2020. All cash and checks are to be deposited in the Checking account. Use the
deposit slips and withdrawal slip on the next page to answer Case 2.

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 DEPOSIT SLIP CHECK DEPOSIT SLIP

This serves as your receipt when machine validated

This serves as your receipt when machine validated

Machine Validation
Current Account Others Peso Others
Savings Account US Dollar
Machine Validation Account Number: Date:
̸ Current Account Others Peso Others

Savings Account US Dollar Account Name:

Account Number: Date:
Please use separate slip/s for each type of check
Account Name: Type of Local Out of Town Others Bank's MC
Check Regional On Us Manager's Check (MC)
Cash Deposit Breakdown Check Deposit Breakdown ( please endorse each check properly)
Denomination Pieces Amount Bank/Branch Check Number Amount

TOTAL CASH DEPOSIT TOTAL CHECK DEPOSIT

WITHDRAWAL SLIP
Currency Pes o US Dol l a r Others
Account Number: Date:

Account Name:

Amount (in words)

(In figures)

W it h d r aw al Th r u R ep r esen t at iv e
(Please cross-out if this portion is not applicable)
I/We hereby autho rize who
se signature appears belo w to efect this withdrawal fo r and in my behalf.

Signature o f Representative

I / W e d ec lar e u n d er t h e p en alt ies o f p er j u r y t h at m y

/ o ur c o -
d ep o sit o r / s is/ ar e liv in g.

Signature o f Depo sito r/s

Verified by: Approved by:

Cash Breakdown
Denomination Pieces Amount

TOTAL CASH
Payment Received By:

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Machine Validation
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