Question

What information do we get from the Bank Passbook?

• A. Detail of account holder
• B. Detail of the transaction
• C. Account balance
• D. All of these

Hint:

Think of a passbook as a diary for your bank account. It tells you who the account belongs to, what money went in and out, and how much is left.

Answer 1

The Correct Option is D

Step 1: Understanding the Concept:
A bank passbook is a physical booklet issued by a bank to an account holder to record all the transactions on their account. It serves as a comprehensive statement of the account.

Step 2: Detailed Explanation:
A bank passbook typically contains: - Detail of account holder: Information like the account holder's name, address, and account number are printed in the passbook. - Detail of the transaction: It provides a chronological record of all deposits (credits) and withdrawals (debits), with dates and transaction descriptions. - Account balance: After each transaction, the updated account balance is recorded, showing how much money is in the account. Since all this information is available in a passbook, the correct option is 'All of these'.

Step 3: Final Answer:
A bank passbook provides details of the account holder, transactions, and the account balance.