Bank Overdraf is an Asset or a liability for a Bank?
Answers were Sorted based on User's Feedback
Answer / rajesh
Bank overdraft is an asset for bank. for us liability
|Is This Answer Correct ?||240 Yes||18 No|
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|
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|
Answer / rajesh
bank overdraft is an asset to the bank and for us liability
|Is This Answer Correct ?||30 Yes||4 No|
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|
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
|Is This Answer Correct ?||22 Yes||6 No|
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|
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|
Answer / vijayshankar
Bank Overdraft is an assets for bank and its liability for
|Is This Answer Correct ?||9 Yes||1 No|
Answer / balu
|Is This Answer Correct ?||5 Yes||2 No|
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