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Why pass book when cheque or Bill is dishoured

Asked by Amogh 16th March 2017, 5:44 PM
Answered by Expert

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, 4:04 PM
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