Accountancy, asked by redr21429, 9 months ago

Bank overdraft is a current liability. is it true or false

Answers

Answered by ajeet7890singh

Explanation:

Current Liabilities for Companies

Accounts payable - This is money owed to suppliers. Accrued expenses - These are monies due to a third party but not yet payable; for example, wages payable. ... Bank account overdrafts - These are short term advances made by the bank for overdrafts.

therefore true

Answered by DDevil2

it's absolutely true j

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