Multiple choice

Directions: Choose the correct option for the given question.

Debit balance of pass book is

  1. favourable to client

  2. favourable to bank

  3. unfavorable to client

  4. both (2) & (3)
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

A debit balance in a bank pass book means the bank has a claim against the client (an overdraft), which is unfavorable for the client and favorable for the bank.

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