Bank Overdraf is an Asset or a liability for a Bank?

Answer Posted / sk

Bank Overdraft is an asset to the Bank And a Liabilitiy to
the asset holder, It excess of payments over receipts in
the Bank A/c of an Individual.

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is dividend? how do the use an accountancy?

1604


fridge was capital or revenue?

1789


From the following find out a. Profit Volume ratio b. Break even point c. Sales for 40% P/V Ratio d. Margin of safety from the sales Rs 3,00,000 e. Net profit from the sales of Rs 3,00,000 f. Required sales for the new profit of Rs 70,000 g. Required sales for the net profit of Rs 70,,000 after tax, the corporate income tax being 40% h. Additional sales required to convert an increase of Rs 3000 p.a. in the sales manager salary Sale 2,00,000 Variable Overheads 1,50,000 Profit 50000 Fixed overheads 15000 Net profit 35000 Sl No Heads of Account Debit Rs Credit Rs 1 Drawing and Capital 750 15,000 2 Stock as on 01.01.2009 69720 3 Bills Receivable and bills payable 1000 1180 4 Returns 300 320 5 Purchases and Sales 4500 8300 6 Wages 70 7 Discount 30 8 Salaries 200 9 Canara Bank Shares 3000 10 Insurance 120 11 Building 3000 12 Furniture 700 13 Debtors and Creditors 600 1300 14 Cash in Hand 470 15 Overdraft at bank 900

1648


Expand-------NBTA

1659


How exchange rates are maintained in sap

1468






An applicant paid excess amount to the Government Office through a demand draft for a particular permission/license instead of actual fees. Later he went to government office and requested to return the previously submitted demand draft. Can he get back the Previously submitted demand draft(which was not adjusted into government account) duly paying he actual fee?

1529


WHAT IS THE PROFILE OF FINANCE EXECUTIVE IN TEXTILE INDUSTRY

1680


Two months rent of Rs 25000/- was adjusted in Rental advance account at the time vacating office

1494


whst is detailed information aboutaccounting standards 20to 29

1656


What Settlement details are required on the delivery instruction slip?

4358


EXPAND______________ICT

1553


how many schedules are there in accounting?

1749


What was the most chlleging task you face while working in SAP FI/MM and how did you solve?

1486


Dear All, Could any body send me the format of Delivery Challan? What is Even Transfer and Branch Transfer?Please let me know if any body knows? ekathirvel@gmail.com

1972


Why in partnership fundamental question will add Partnership salary for the year and per month salry add in the cr. Side of the p/l app a/c

1381