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Question
Distinguish between.
Cheque book and Passbook
Distinguish Between
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Solution
| Cheque Book | Passbook | |
| 1. | A chequebook is a smaller booklet or sort of folder that banks offer to their account holders. It contains a bank-issued check instrument with sequential numbers that can be used to make payments. | A passbook is a book that a banker gives a customer to record entries in the bank account and in the book at the same time so that the customer may see the account's current status at all times. |
| 2. | It contains blank cheques. | It contains blank pages. |
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Chapter 7: Banking and Bank Transactions - QUESTION BANK [Page 129]
