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 When Money is withdrawn from bank the bank: 
  • a)
    Credits Customers A/c 
  • b)
    Debits Customer’s A/c 
  • c)
    Credits and Debits customer’s A/c 
  • d)
    None of these 
Correct answer is option 'B'. Can you explain this answer?
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When Money is withdrawn from bank the bank:a)Credits Customers A/cb)De...
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When Money is withdrawn from bank the bank:a)Credits Customers A/cb)De...
Because any cash withdrawn or cheque issued to third party is credited in the cash book and debited in the pass book (timing of recording). (cash withdrawn) In cash book : (when cash is deposited). In pass book : (when cash is withdrawn)
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When Money is withdrawn from bank the bank:a)Credits Customers A/cb)Debits Customer’s A/cc)Credits and Debits customer’s A/cd)None of theseCorrect answer is option 'B'. Can you explain this answer?
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