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Passbook is the statement of account of ...

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

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Pass Book is the Statement of Account of the customer maintained by the bank .

Pass Book and the Bank statement are one and the same thing, because both of them are the copy of customer's ledger account maintained by bank.

Knowledge Check

  • Current Accounts of partners are maintained if

    A
    capitals are fixed.
    B
    capitals are fluctuating.
    C
    Both (a) and (b)
    D
    None of these.

  • Bank account is a

    A
    Personal Account
    B
    Real Account
    C
    Nominal Account
    D
    None of these

  • Bank account is a

    A
    Personal Account
    B
    Real Account
    C
    Nominal Account
    D
    None of these

    • Similar Questions

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    Bank Reconciliation Statement is prepared by the account holder and not by the bank .

    Why is bank called the agent of its customers?

    A page from the passbook of the savings bank account of Mr. Ashwani Kumar is given below The interest from January to December, 1998 at 5% per annum is

    Which of the following is does not constitute customer identification process in the banking sector ?

    A page from the passbook of the savings bank account of Mr. Ashwani Kumar is given below. The interest from January to December, 1998 at 5% per annum is

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