Question

Select the most appropriate answer from the alternatives given below and rewrite the sentence

Pass Book is ________ of account holder’s transaction with the Bank.
a) an extract
b) Balance Sheet
c) balance
d) mode

Answer 1

Pass book is an extract of account holder’s transaction with the bank.

Explanation:
The Pass Book is an extract, i.e. a selected portion that is taken out from a customer’s ledger account. It is the copy of the ledger account maintained by a bank to record the transactions of its clients. It is provided periodically to a customer in order to inform him/her about the transactions and balance in the account. Hence, a Pass Book is an extract of the account holder’s transactions with the bank.