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wht is overdrafting and where we have to shown.
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Answer / omer khan
overdrafting means directing a banker to pay the amount
which is more than the amount available in the bank account
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / sony joy
overdrafting is the process of taking loan from bank for
conducting business. and it is shown as the liability in the
balance sheet
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / moti
While you see bank statment it shows dr.balence that means
bank will collect money from you.in other word you spend
more money in respect to bank balence
| Is This Answer Correct ? | 2 Yes | 0 No |
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