Deposit slips are usually generated by the B/AR/CR process:
A) at the time invoices are prepared
B) by manual procedures
C) electronically
D) as part of processing cash receipts

Question

Quizplus · Accepted Answer

Deposit slips are usually generated as part of processing cash receipts. When cash or checks are received, a deposit slip is filled out and sent to the bank along with the funds. This process ensures that the funds are properly credited to the company's account. While deposit slips can be generated manually or electronically, the most common way is as part of the process of processing cash receipts.

Deposit Slips Are Usually Generated by the B/AR/CR Process