Question

Fill in the blanks :
(i) Passbook is a copy of $..........$ as it appears in the ledger of the bank.
(ii) When money is with drawn from the bank, the bank $..........$ the account of
the customer.
(iii) Normally, the cash book shows a debit balance, passbook shows $..........$ balance.
(iv) Favourable balance as per the cash book means $..........$ balance in the bank
column of the cash book.

Answer 1

Answer:

1. Passbook is a copy of  account of customer as it appears in the ledger of the bank.
2. When money is with drawn from the bank, the bank Debits  the account of  the customer.
3. Normally, the cash book shows a debit balance, passbook shows a Credit balance.
4. Favourable balance as per the cash book means Debit balance in the bank  column of the cash book.