how will make entry for bank over draft?

Answer Posted / jay

In the account balance were available when draft issued but
before clearness account balance less then actual which is
necessary to clearness of draft in the case that draft are
called bank over draft
That draft which is not clear by the bank due to less of
amount that account are called Bank over draft

Is This Answer Correct ?    1 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What are the Types of invoices batching? & what is 3 way batch?

1698


Up to what time we can show TDS Receivables under Advance Income Tax A/c?

1546


How do the standards assist the users of financial report?

1797


Can someone tell me about SAP FI/CO test questions?WHat are the main things we must know?

1757


Why closing stock appears both in trading and Balance sheet? Why does it doesnot appear in trail balance.

1852






how to do finalisation account ,pls tell me step by step ?

2050


How do you handle lack of direction or working in chaos

1576


what are responsibilities of an accountant in a company?

1605


How and by whom the Percentage of Depreciation is fixing?

1958


Hi, Please post in here the Aptitude Test Questions given in companies like Thomson, Reuters, GMS, JP Morgan, Northern Trust Bank etc.

6107


WHAT IS DIFFERED INCOME TAX AND WHERE IT SHOWS IN BALANCE SHEET?

1774


hi gurus , plz can anybody forward ur cv of accounts/finance related , exp of 4+ years to afreenjuveriya@yahoo.com

1901


What is Goods Lost by Fire/Accident/Theft ?

1325


While we are bringing our machinery items to factory through a vehicle from other state to Andhra pradesh, is this correct to send our own state way bill along with the other state way bill.

1405


Rs. 23.50 ( Rupes twenty three & paise fifty only) what is euro Conversion?

1643