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If Bank OD In Balance Sheet Which Site Showing?
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Answer / bhavani
Bank overdraft is a short term liability for the company.
It is showing in the laibilities side of the Balance
sheet...
| Is This Answer Correct ? | 21 Yes | 1 No |
Answer / seshu gopal
Under secured loans of Capital & Liability side in Balane
sheet.
| Is This Answer Correct ? | 20 Yes | 5 No |
Answer / azwar.j.khan
well as other said bank OD is shown on the liability side of
the balance sheet,i will say the same.
but we should first know that what is OD.Basically bank OD
is the facility given by the banks to withdraw more money
from the respective a/c then it posses,suppose a company has
a sum of rupees 2 lakh in its a/c but it withdraw Rs 3lakh,
it means that the bank has given loan of Rs 1lakh, which the
company as to pay back.
we all know that loan is the liability for the company so
the bank OD will be shown on the liability side, under the
head current liability and provision
| Is This Answer Correct ? | 16 Yes | 2 No |
Answer / padmakar
It is secured loan to bank it shoud be shown under shedule
loans & liability liabillity side
| Is This Answer Correct ? | 6 Yes | 1 No |
Answer / sheraz hassan
Bank OD would be shown on the Liability Side of the Balance
Sheet in the Current Liabilities.
It can also be shown on the Asset side in Negative Figure
with current assets. Conceptually this procedure is
acceptable but standard do not provide any detail for this.
| Is This Answer Correct ? | 7 Yes | 2 No |
Answer / sk
it will be shown in the liablity side of B/S, under the
head loans liablity.
| Is This Answer Correct ? | 6 Yes | 1 No |
Answer / ramakrishna rao
Bank OD is the liability of the Co, as it is the payable
amount by the Company.
So, it is shown on the Liaibility of the Balance Sheet
under the Current Liaiabilties and Provision.
| Is This Answer Correct ? | 5 Yes | 0 No |
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