Practicing Success
The amount of balance shown in the passbook must tally with the balance as shown in the............... |
Cash book Bank statement Journal book Bank account |
Cash book |
The correct answer is option 1- Cash book. A bank statement or a bank passbook is a copy of a bank account as shown by the bank records. This enable the bank customers to check their funds in the bank regularly and update their own records of transactions that have occurred. The amount of balance shown in the passbook or the bank statement must tally with the balance as shown in the cash book. |