Accountancy, asked by chandankkbharad1382, 1 year ago

If ones bank account closed due to negative balance then if he never used any account then how that negative balance can be get from that customer

Answers

Answered by InderPathak
0

If this happens bank tried to recover this amount from his personal or company assets and if he can't able to give full debts after the selling of assets he will be declared as insolvent and amount receivable from him considered as bad debts

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