Accountancy, asked by SUDHEV5505, 1 year ago

bank overdraft is it a asset

Answers

Answered by snighda43

1

no I don't think so...

Answered by Anonymous

2

Bank Overdraft is not an Asset.

When we withdraw cash from bank in excess of the balance held in our account, it is called a bank overdraft.

Therefore,Bank Overdraft is a liability.

Previous Question

Next Question

Similar questions

English, 7 months ago

Introduction for this title in research."Factors affecting the study habit of stem students during the pandemic."...

English, 7 months ago

Now, read the following sentences and fill in the blanks with appropriate form of principal or auxiliary verbs given in brackets. 1. Sheetal___ (be) a talented girl.

English, 7 months ago

what is the second common multiples of 3and 8? व्हाट व्हाट इज द सेकंड मल्टीपल ऑफ 3 एंड 6 ...

Accountancy, 1 year ago

Borrowed from jagat seth @ 10% p.a.

Accountancy, 1 year ago

Purchase goods Worth 40000 for cash and 45000 on account what will the journal entry in the book of sita...

Math, 1 year ago

A certain sum of money has been divided into 2 parts in the ratio 9: 13. If the second part is rs.260 find the total amount...

Math, 1 year ago

can anyone plz answer this...

Social Sciences, 1 year ago

State the staple diet of the people of west asia.