Payments made by the bank as per standing instructions are recorded on the Debit balance of the Pass Book.

Monjur Alahi

State whether the following statement are True or False with reason :

Payments made by the bank as per standing instructions are recorded on the Debit balance of the Pass Book.


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Salim Ahmed Kawsar

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This statement is True. 

The Debit side of the passbook represents payments. So any payments made by the bank, Bank debits the customer’s account and records on the Debit side of the passbook.

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