Bank Pass Book isa)Issued by Bankb)Contains transaction details of Ban...
A Bank Pass Book is issued by the bank and contains transaction details of a bank account. It shows the balance in the account and provides a record of all deposits, withdrawals, and other transactions made by the account holder.
Bank Pass Book isa)Issued by Bankb)Contains transaction details of Ban...
Bank Pass Book:
The Bank Pass Book is an important document provided by the bank to its account holders. It serves as a record of all the transactions made in the bank account and provides information about the account balance.
Issued by Bank:
The Bank Pass Book is issued by the bank to its customers who have a savings or current account with them. It is a personalized document that contains the account holder's details, such as their name, account number, and address. The bank is responsible for maintaining and updating the pass book with accurate transaction details.
Contains transaction details of Bank account:
The Bank Pass Book contains a comprehensive record of all the transactions made in the bank account. It includes details such as the date of the transaction, the type of transaction (e.g., deposit, withdrawal, transfer), the amount involved, and any relevant remarks or reference numbers. This helps the account holder keep track of their financial activities and monitor their account's inflows and outflows.
Shows balance in account:
One of the key features of the Bank Pass Book is that it displays the current balance in the account. This balance is updated after every transaction, ensuring that the account holder has an accurate reflection of their available funds. The balance section of the pass book shows the opening balance, the total credits (deposits), the total debits (withdrawals), and the closing balance. It provides a snapshot of the account's financial status at any given time.
All of the above:
Therefore, the correct answer is option 'D' - All of the above. The Bank Pass Book is issued by the bank, contains transaction details of the bank account, and shows the account balance. It is an essential document for account holders to keep track of their financial transactions and monitor the status of their bank account.
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