Multiple choice

In the pass book, the entries are made by

  1. the customer

  2. the bank

  3. both 1 and 2

  4. none of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

 The bank makes the entries in the pass book for the transactions relating with the customer. On a certain date the pass book and cash book are checked and the differences are tallied.  So, Bank Reconciliation Statement is prepared.

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