The Validated Deposit Slip from a Bank Should Be Returned

question 90

True/False

The validated deposit slip from a bank should be returned to the cash receipts department.

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Definitions:

Stamped Imprint

A type of mark or impression made on a document or object, often for legal or official purposes, using a stamp.

Bearer Instrument

A negotiable financial instrument that entails possession of the document itself confers ownership and thus, the entitlement to payment.

Special Indorsement

A type of endorsement on a negotiable instrument that specifies the person to whom, or to whose order, the instrument is payable.

Indorsement

The act of signing the back of a financial instrument, thereby transferring ownership or validating the document.