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Bank Pass Book (or) Bank Statement:
Bank Passbook or Bank Statement is a copy of the account of the customer as it appears in the bank’s books. When a customer deposits money and cheques into his bank account or withdraws money, he records these transactions in the bank column of his cashbook immediately. Correspondingly, the bank records them in the customer’s account maintained in its books. Then they are copied in a passbook and given to the customer. With the computerization of banking operations, bank statements (in lieu of passbook) are issued to the customers periodically.
Thus passbook is a record of the banking transactions of a customer with a bank. All entries made by a customer in his cashbook (bank column) must be entered by the bank in the passbook.
Format of a Bank Passbook or Bank Statement:
Name of the bank__________
Address of the bank____________
Address of the customer.___________
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