Withdrawals :

Withdrawals are made by means of cheques. A cheque is an unconditional order on the bank made by the client instructing the bank to pay a certain sum of money to the person named in the cheque or his order or the bearer. In the case of a savings bank account withdrawals may be allowed by filling in withdrawal form supplied by the bank rather than cheques.

The money deposited with bank is debited to bank account while money withdrawn from the bank is credited to bank account. The record of money deposited and withdrawn from the bank is maintained by the business in its cash book with bank columns which can be balanced on any date and the balance so arrived at is known as bank balance as per cash book.