Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

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

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

how an accountant can do budgetery controls of expenses?

2191


What will be the consequences if the partnership is not registered

1991


Hi Im Arun D. I m short listed for Karnatka bank interview. Can anybody share ur experiences regarding Bank interview of karnatka bank which was held on dec for Clerical post. Please help me I f u can. thanx in advance

2068


I want to become CFA so kindly provide me all information regarding this like fees structure,colleges in mumbai,duration etc.

1804


i have interview in KVB on 12-12-08. so Please send me some questions asked in previous interviews contucted by KVB?

2227


what is the frienge benefits tax?what is usefull?

2111


Define capital

4260


company's total overhead expense is containing which are the expenses? Definition of overhead expense.

2106


Entrance Exam question & Answer required

2017


recently release the 6.0 version not succede in the market why?

2043


I am maintaing books of accounts a Software Co. Kindly advise me Account Head of these exps. (Software Exps.,Internet Exps., Video Exps.,Server Maint.Exps.,& SMS Exps.,) Thanks

1982


is advance against FD or RD is treated as NPA .if EMI is not in scheduled . or classification of npa as per day is is made from sanction date or last payment date of repayment . please suggest me

2289


1.how can carry forward the balance of ledgers to the next financial year in tally erp 9

2092


Short Answer on __________Trade

1958


what is ment by master in tally?

3880