Which document is prepared each time cash or checks are deposited into the company bank account?

Which document is prepared each time cash or checks are deposited into the company bank account?

• A. Deposit Slip
• B. Check Register
• C. Bank Statement
• D. Invoice

Answer: (A)

Recording cash receipts requires a deposit slip every time cash or checks are deposited. The deposit slip documents the date, the amount of cash and checks, and the account to be credited, providing a record that the bank can use to post the deposit and that the company can use for reconciliation. This ensures the funds are matched to the correct deposit and helps verify accuracy in cash accounts. The other items have different roles: a check register tracks checks issued, a bank statement is the bank’s record for a period, and an invoice is a request for payment for goods or services.

Recording cash receipts requires a deposit slip every time cash or checks are deposited. The deposit slip documents the date, the amount of cash and checks, and the account to be credited, providing a record that the bank can use to post the deposit and that the company can use for reconciliation. This ensures the funds are matched to the correct deposit and helps verify accuracy in cash accounts. The other items have different roles: a check register tracks checks issued, a bank statement is the bank’s record for a period, and an invoice is a request for payment for goods or services.