The documents that provide instant information to firms o...
The documents that provide instant information to firms on their tranactions with banks are
Bank statement and debit note
Cheque book and cashbook
Cheque stub and deposit slip
Payslip and credit invoice
Correct answer is A
Bank statement is a printed record of the balance in a bank account and the amounts that have been paid into it and withdrawn from it, issued periodically to the holder of the account.
A debit note is a document sent by a buyer to seller or in other words a purchaser to a vendor notifying that a debit has been made to their accounts. A debit memo on a company's bank statement refers to a deduction by the bankfrom the company's bank account. In other words, a bank debit memo reduces the bank account balance similar to a check drawn on the bank account.
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