Bank Pass Book

The bank on its part maintains in its ledger the account of its customers. Pass book is a copy of the client’s account in the bank’s ledger. Bank issues pass book to its client. It is the duty of the client to send it to bank at intervals so that transactions can be recorded up-to-date. Pass book shows the transactions already entered into by the bank and the client (like cheques and cash deposited, amounts withdrawn, cheques paid by the bank, collections and payments made by the bank on behalf of the client) and the balance or overdraft shown by the client’s account at the bank. The money deposited by the customer is credited to his account and the money withdrawn from the bank is debited to his account. The balance as per bank ledger indicated in the bank pass book is called the bank balance as per pass book.