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.



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