Business Studies, asked by bhavyavaghela105, 5 months ago

Bank Overdraft is which liability

Answers

Answered by shashankbananda

Answer:

Current liability

In business accounting, an overdraft is considered a current liability which is generally expected to be payable within 12 months. Since interest is charged, a cash overdraft is technically a short-term loan.

Answered by faizanbhai641

Answer:

current liability

In business accounting, an overdraft is considered a current liability which is generally expected to be payable within 12 months. Since interest is charged, a cash overdraft is technically a short-term loan.

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Bank Overdraft is which liability​

Answers

current liability

In business accounting, an overdraft is considered a current liability which is generally expected to be payable within 12 months. Since interest is charged, a cash overdraft is technically a short-term loan.

Bank Overdraft is which liability