Question

Journal entries of bank od account

Answer 1

It is current liabilities. A bank overdraft is an amount drawn over and above the actual balance kept in the bank account.This is a facility provided to only current accounts holders. Interest will be charges for amount overdrawn.The cash book will show credit balance and pass book showdebit balance.
plz mark as brainiest....

Answer 2

hey there ,,

journal entry of bank on account means the payment is not done completely means something's remains in full payment.

so here ,, bank account is personal account so , debit the receiver credit the giver .

and on account means debtor and debtors are expenses so debit the expense and credit the gains.

therefore , journal entry of this will be ;-

debtor a/c. Dr.
to bank a/c.

hope it helps !!!

be brainly ♥