Answer Posted / vidhya vishwakarma

my answer is bank overdraf is an asset for a bank and
liability for us because bank over draft means some time
customer has not more money in the bank. but he issue the
cheque then bank give us this facilities and bank pay to
other (who credit cheque ). ofter that we pay to bank with
interest (it is our liability)

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Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?

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Short Answer on _____________Intangible Assets

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Expand-------ANTS

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Hai i am mathi Preparing for bsrb clerical examinations.If anybody had that please mail me at mathiy@rediffmail.com

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