What is a deposit slip used for?

A deposit slip is a document that you use when you wish to deposit money into your bank account. It acts as a formal request to the bank to complete a transaction, specifically the transaction of depositing funds. When filling out a deposit slip, you typically include necessary information such as your account number, the amount being deposited, and sometimes, your signature. This ensures that the bank processes the deposit accurately and credits the funds to the correct account.

The other options do not accurately describe the function of a deposit slip. Accumulating cash is more about the act of gathering money without reference to a specific banking process. Requesting a loan is a different banking service that involves borrowing money rather than depositing it. Tracking expenses pertains to managing and monitoring your financial expenditures, which is also unrelated to the specific purpose of completing a deposit transaction.