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Discuss five differences between a bank statement and a bank pass book.

      

Discuss five differences between a bank statement and a bank pass book.

  

Answers


sharon
-A bank statement is issued after an account holder has requested for it whereas a bank pan
book is issued after one opens an account.
-Pass book can be used to withdraw money whereas a statement cannot.
-A bank pass book contains all the particulars of a person e.g. a passport size. Whereas a bank statement doesn’t have such.
-A bank statement is seasonal that is its issued from time to time whereas a pass book is more permanent.
-A bank statement shows only the transactions that were undertaken in a certain period of time but a passbook may contain all the transactions since the account was opened.
-A bank statement may be given to anyone who holds either a savings or current account but pass book may be given only to those with savings account where cheque facilities aren’t available.

sharon kalunda answered the question on February 28, 2019 at 12:45


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