Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Bank Reconciliation Statement

Question:

Pass book of the account holder is a copy of..................

Options:

Bank column of the journal book account holder

Account in the books of bank of the customer

Cash column of cash book

Discount availed by the customer through bank

Correct Answer:

Account in the books of bank of the customer

Explanation:

The correct answer is option 2- Account in the books of bank of the customer.

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.