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16th of March 2017
Accountancy
Q:

Why pass book when cheque or Bill is dishoured

Amogh Manav - CBSE - Class XI Commerce

Thursday, March 16, 2017 at 17:44:PM

A:

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!!!

Friday, March 17, 2017 at 16:04:PM