Which of the following is retained by the customer as proof of a deposit transaction?
A) A deposit receipt
B) A cancelled check
C) A bank reconciliation
D) A signature card

Question

Quizplus · Accepted Answer

A deposit receipt is typically given to the customer as proof of the transaction and the amount deposited. Cancelled checks are no longer commonly provided to customers as proof of deposit, as most banking transactions are now conducted electronically. Bank reconciliations and signature cards are not proof of deposit transactions.

Which of the Following Is Retained by the Customer as Proof