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Why pass book is decrease when Bill is dihonoured

Asked by amogh 16th March 2017, 6:06 PM
Answered by Expert
Answer:

Hi Amogh,

 

When bill discounted with bank is dishonoured, the bank will debit the account holder’s account along with the charges incurred. Hence, the balance in the pass book decreases.

 

I hope this help You.

Keep Posting!!!

Answered by Expert 17th March 2017, 4:03 PM
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