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

Answers were Sorted based on User's Feedback



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

Answer / sushant singh

Bank overdraft is an asset for the bank.
it is a liability for us.

Is This Answer Correct ?    3 Yes 0 No

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

Answer / m.saraswathi

Bank O/D is an asset to the bank & liability to the a/c
Holder

Is This Answer Correct ?    3 Yes 0 No

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

Answer / prasanta

when a customer withdrawing more money than the deposit
amount then it is called overdraft and the customer has to
pay this amount along with the interest to the bank.That's
why it is a liability for the customer whereas it is
regarded as an asset for the Bank.

Is This Answer Correct ?    3 Yes 1 No

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

Answer / satyaki_raju@yahoo.com

Mr seshadri and Guest why dont you both understand the
question before answering

Is This Answer Correct ?    2 Yes 0 No

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

Answer / r.k.singhal

bank overdraft is an asset for the bank.

Is This Answer Correct ?    2 Yes 0 No

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

Answer / vijendra

Bank overdraft is asset for bank and liablity for business.

Is This Answer Correct ?    2 Yes 0 No

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

Answer / yadagiri

Why don't we think in a different angle? i.e. is there any
chance that Balance Sheet of a Bank contains 'bank OD' on
liabilities side? In that case it is certainly a LIABILITY
for the bank in whose B/S it is shown.
Other wise the answer given by most of our friends is correct.
I have given this answer keeping in view that question is
little bit ambiguous.

Is This Answer Correct ?    1 Yes 0 No

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

Answer / sanad jasoria

definitely bank overdraft is laibility for us and assets
for bank.

Is This Answer Correct ?    1 Yes 0 No

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

Answer / suraj

bank o.d. is an asset for bank and for us liability thats it

Is This Answer Correct ?    1 Yes 0 No

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

Answer / 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

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