Banking Instrument

8/4/2019 Banking Instrument

1/10

Click to edit Master subtitle style

4/21/12

Banking Instrument


2/10

4/21/12

INSTRUMENTS

Deposits or pay-in-slip

Cheques

Demand drafts

Debit and credit note

Vouchers


3/10

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

deposited.


4/10

4/21/12

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


5/10

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.


6/10

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:

Cheques crossed A/c payee:


7/10

4/21/12

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.


8/10

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.


9/10

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.


10/10

4/21/12

THANKYOU

Banking Instrument

Documents

Transcript of Banking Instrument