Follow Our FB Page << CircleMedia.in >> for Daily Laughter. We Post Funny, Viral, Comedy Videos, Memes, Vines...


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 / rajesh

Bank overdraft is an asset for bank. for us liability

Is This Answer Correct ?    240 Yes 18 No

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

Answer / rakesh panchal

Bank overdraft is a liability for us and is asset for bank.

It is liability for us since we have to repay Bank
Overdraft amount with interest to bank. Bank Overdraft will
reflect in our balance sheet under Secured Loans in balance
sheet on liability side.

It is asset for bank since bank is going to received the
amount with interest. Bank Overdraft will reflect in there
balance sheet under current assets.

Is This Answer Correct ?    125 Yes 9 No

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

Answer / suhasini modagi

Yes what Bharat told is correct, many of them will be going
through these answers, plz guys dont enter wrong answer, if
you are not sure mean dont answer it......

Bankoverdraft is liability for us and it is asset to bank .
Shashadri dont feel bad ok....

When we overdraw the money from the bank it will be
liability for us and not an asset for us.

Is This Answer Correct ?    39 Yes 5 No

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

Answer / rajesh

bank overdraft is an asset to the bank and for us liability

Is This Answer Correct ?    30 Yes 4 No

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

Answer / simran

Bank Overdraft is a liability for us
because when we over withdrew money from bank it is our
liability to pay it back.
so it is shown on the liability side in our balance sheet.


And it is an asset for bank because they will received the
total amount along with interest from us.
it will be shown on asset side in balance sheet of bank.

Is This Answer Correct ?    23 Yes 4 No

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

Answer / bharat suthar

Why Sheshadri above is posting a total wrong answer? One
should keep a mum, if not sure and should not reveal his
ignorance!

Is This Answer Correct ?    22 Yes 6 No

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

Answer / ashsh

bank overdraft is an asset for bank.because bank gets the
right to receive bank o/d amount.

Is This Answer Correct ?    16 Yes 2 No

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

Answer / sandeepkumar_thakur

Bank overdraft is an asset of any bank bcoz bank is going to
charge interest on its. Bank O/D come in the Balance sheet
under loan and advances head. On the other hand Bank O/D is
liab for us and its come in liab side of Balancesheet under
secured loan head

Is This Answer Correct ?    12 Yes 3 No

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

Answer / vijayshankar

Bank Overdraft is an assets for bank and its liability for
us

Is This Answer Correct ?    9 Yes 1 No

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

Answer / balu

Asset

Is This Answer Correct ?    5 Yes 2 No

Post New Answer



More Accounting AllOther Interview Questions

Expand---------MRB

4 Answers  


EXPAND______________OCC

2 Answers  


Expand---------PED

0 Answers  


expand S E B I

3 Answers  


tell me about roll model as father

0 Answers   Genpact, State Bank Of India SBI,






what is mean by account concept,and how to perpare a full accounting concept journal,ledger,trail balance,and balance sheet how it will prepare in upto fainalaztion.

0 Answers  


what is differred tax liability? explain in detail with some example.

0 Answers  


How baddebts received effects in trial balance and balancesheet

1 Answers  


in Accounts we are using provisions ? what is provisions?

1 Answers  


pls send me for apptitude test paper anf finance test from the the company ford

3 Answers   BPO, CTS, Ford, Wipro,


What is the working formula for Working Capital

2 Answers  


what is break even point?

31 Answers   ADP, College School Exams Tests,






Categories