Accountancy, asked by shivomkamleshjoshi, 3 months ago

bank overdraft is liability while bank balance is an asset. Do you agree.

Answers

Answered by kenguvalohith123

Answer:

yes

Explanation:

The balance in bank which shows credit balance is an asset to the firm or individual while the debit balance is a loan or liability to the firm or individual

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bank overdraft is liability while bank balance is an asset. Do you agree.​

Answers

bank overdraft is liability while bank balance is an asset. Do you agree.