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CBSE Class 11-commerce Answered

Why pass book when cheque or Bill is dishoured
Asked by Amogh | 16 Mar, 2017, 05:44: PM
answered-by-expert 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 | 17 Mar, 2017, 04:04: PM
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