Question

effects of wrong entries in the passbook​

Answer 1

Answer:

The customer is depending on the Pass Book entries to know his account balance and act for further transactions. The customer needed to bring the Pass Book to the bank at the time of each transaction. The banker will update the Pass Book, by entering the transaction taking place. The customer has a right to point out the mistake in the Pass Book at any time. if any wrong entries are there, the customer can claim and ask to reprint that page, because it is the only way customer can handle her account using the passbook, it is legal and authenticated paper for the customer to rely on.

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Answer 2

​What are the entries in passbook?

Thus passbook is a report of the banking transactions of a consumer with a financial institution. All entries made through a consumer in his cashbook (financial institution column) have to be entered through the financial institution withinside the passbook.

                                 Hence, the balances as in step with financial institution column of the cashbook have to trust the stability as in step with passbook.

Effects of wrong entries in the passbook

• The consumer is relying at the Pass Book entries to recognize his account stability and act for similarly transactions. The consumer had to deliver the Pass Book to the financial institution on the time of every transaction. The banker will replace the Pass Book, through coming into the transaction taking place.
• The entries have to be cautiously tested through the constituent, and, if any mistakes or omissions are discovered, the eye of the Bank have to be attracted to them immediately. The Bank will now no longer be accountable for any loss bobbing up from overlook of this precaution.”
• It is therefore obvious that the present day account rules, which shape the idea of settlement among the banker and the consumer, impose a responsibility at the consumer to cautiously observe the entries. If he's negligent in appearing this responsibility and thereby a few loss is caused, the banker shall now no longer be answerable for the same.

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