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Distinguish between. Cheque book and Passbook - Commercial Applications

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Question

Distinguish between.

Cheque book and Passbook

Distinguish Between

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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Banking Transactions
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Chapter 7: Banking and Bank Transactions - QUESTION BANK [Page 129]

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Goyal Brothers Prakashan Commercial Applications [English] Class 10 ICSE
Chapter 7 Banking and Bank Transactions
QUESTION BANK | Q 15. (iii) | Page 129
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