10. If debit side of bank account is greater than credit side it represents?
Cash at Bank
Bank Loan
Bank Overdraft
None of them
Answers
Answered by
4
Answer:
It represents Bank Overdraft according to me
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0
Answer:
If debit side of bank account is greater than credit side it represents Cash at bank.
Explanation:
Cash at Bank refers to all Group cash as shown in the Financial Statements and the consolidated management accounts of the Group that has been held at or deposited with any bank or financial institution that BoS accepts.
The Borrower shall maintain, and shall cause all of its Subsidiaries to maintain, all depository and operating accounts with Bank and all investment accounts with Bank or Bank's affiliates at all times when the aggregate balance of the Borrower's Cash at Bank and Bank's affiliates is less than the Deposit Account Threshold.
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