CameraIcon

SearchIcon

MyQuestionIcon

2

You visited us 2 times! Enjoying our articles? Unlock Full Access!

Receipts and Payments Account

Passbook is t...

Question

Passbook is the statement of account of the customer maintained by the bank.

A

True

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

B

False

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A True
True. Pass book is a copy of customer's account in the books of the bank. It shows all the transactions of a customer with the bank from the point of view of the bank as it is prepared by the bank.

Suggest Corrections

thumbs-up

0

Similar questions

Q. A passbook is issued to a customer by the , which has details like the account number of the customer.

Q. A passbook by bank is issued for which account?

Q. For which of the following bank accounts does the bank issue a Passbook?

Q. The banking that involves customers to operate their bank accounts and avail banking services from any branch of the bank regardless of the place where he maintains his account is called _________.

Q. The bank statement reports a credit transfer of Rs.

4000

from a customer. Accounting entries for this is _____________________.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Financial Statements of NPO

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Receipts and Payments Account

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon