CBSE Class 11-commerce Answered
List the 4 transactions which reduce the balance of the pass book and are
recorded only in the pass book.
Asked by Topperlearning User | 18 Jul, 2016, 04:09: PM
Expert Answer
The following transactions reduce the balance of the pass book and are recorded only in the pass book:
- Bank charges, charged by the bank but not recorded in the cash book
- Dishonour of a bill/cheque which is discounted/collected by the bank
- Interest charged by the bank on overdraft
- Direct payment made by the bank as per the instructions of the account holder
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