Accountancy, asked by Shakeel809, 17 hours ago

bank overdraft is a liability or asset​

Answers

Answered by rashmirajput978176
1

Answer:

here's your answer ...

Explanation:

Yes. Bank overdraft is the amount payable by the bank since the amount drawn is more than the balance held. Bank balance is the amount owned by the firm that is lying deposited in the bank, thus, it is an asset.

Answered by AllenGPhilip
3

Answer:

Bank overdaft is a Liability

Explanation:

Bank overdraft means Amount exceeded  Withdraw more money than bank account

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