Interested to Buy Any Domain ? << Click Here >> for more details...
Bank Overdraf is an Asset or a liability for a Bank?
- 28 Answers
- 88193 Views
- ICAI, I also Faced
- E-Mail Answers
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
What is the Assets & Liabilities?
DESCIBE EXPORT PROCEDURE
what are the financial ratios that a manager see in accounting?
Clasify capital
what is the difference between planned and non planned budgt
explain Dual entry concept
Can anyone expain.. why the sensex is in points. And why the ratios is calculated. In what way its uesfull to the organisations
How can I explain p2p process in SAP?
Which Exchange determine Foreign Exchange/Currency Rate?
what is the subprime?explain it.
Office cash was stolen? state whether the following transcation is business transcation or non business transcation?
how there face in lvbank interview
Took goods from the shop for use at home. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?
When we are raised a interstate invoice then which type invoice we are raised
barwaha
