Company has overdrawn its bank balance meaning
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Company has overdrawn its bank balance means negative balance.
A negative balance occurs when the ending balance in an accounting record is the reverse of the expected normal balance. ... For example, if an asset account has a credit balance, rather than its normal debit balance, then it is said to have a negative balance.
A negative balance occurs when the ending balance in an accounting record is the reverse of the expected normal balance. ... For example, if an asset account has a credit balance, rather than its normal debit balance, then it is said to have a negative balance.
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