Bank Book : Majority of cash transactions are done through bank in the present age. When business has account in more than one bank or in a one bank they have more than one accounts, in that case to record the transactions with the bank, a book is prepared which is known as Bank book. Business has an account in more than one bank or in a bank more than one account is there, in that circumstances to get the necessary information quickly and to tally the balances, a bank book having different columns is kept by the businessman.

Illustrations : If the accounts are in the different banks then in the different columns name of bank is to be written, e.g., Dena Bank, Canara Bank, SBI. But if in a one bank more than one accounts are there, then in the different columns A/c no. 1,2,… are to be written. The structure and style of bank book is like the cash book only.

Utilities (Importance) : Utilities of the bank book are as under :

• Easily recorded : The transactions with the banks can be easily recorded, especially, when the volume of transactions through the bank is more.
• Reconciliation : With the help of bank book transactions can be easily reconciled with pass book or bank statement.
• Bank balance : At any given point of time, the bank balance of various bank accounts can be known.
• Liquidity : A constant watch on the different financial transactions entered into through different bank current accounts by the business organisation is possible. With the help of which liquidity of the business can be maintained.