Question

if there are four liabilities e.g creditors rs 10000 bills payable rs 5000 outstanding expences rs 10000 other loan rs 5000 and cash available is rs 15000​

Answer 1

Answer:

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Answer 2

The bank overdraft will come of ₹15000.

The overdraft is the facility provided by bank to its customers when they open current accounts with them as in this facility banks allows their customers a overdraft limit in which they can perform transaction hassle free even with the inadequate funds in their accounts and the bank charge interest on it after some given time.

here, according to the question:

creditors              = ₹10000

bills payable       =₹5000

o/s expenses       =₹10000

loan                      = ₹5000

cash available     = (15000)

Bank overdraft    = 15000