Topic $5$ Unit $2$

Figure $5\mathrm{.}3$ Examples of deposit slips

Activity $5\mathrm{.}4$ Analyse deposit slips

Look at the two different deposit slips shown above. Name two major differences.

$(4)$

There are two forms of money that can be deposited into an account. What are they?

$(2)$

Why do you think that the two forms of money must be shown separately on a deposit slip?

What details are required on deposit slips when cheques are deposited?

Why do you think this information needs to be entered?

$(2)$

Can anybody deposit money into an account or can only the account

$(2)$

holder deposit money? Why?

$(2)$

Visit your local bank and get a deposit slip. Record the following information on the deposit slip: Your account number is $12345678$ and you have a savings account at Kloof Branch.

You have just had a birthday and you received the following:

R$1000$ cash made up of R$20$ notes, $1$ x R$50$ and $2$ R$100$ notes.

Your parents, who have an account at the same bank, have given you a cheque for R$200$ as a gift.

$(5)$