A copy of customer's account in the ledger of the bank is called __________.
A
Pass Book
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B
Cash Book
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C
Advice
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D
Balance Statement
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Solution
The correct option is A Pass Book Numerous accounts are maintained with the bank viz., current account, savings account,recurring account, etc.
A pass book with the customer is an extract from the ledger maintained by the bank comprising of all the transactions undertaken by the customers during a given period.