Accountancy, asked by ps3192498p8uoxi, 1 year ago

what in bank overdraft

Answers

Answered by Anonymous
7
Heya user this is your answer..


A bank overdraft is a line of credit that covers your transactions if your bank account balance drops below zero...


Hope it helps...


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Answered by himashree05
3
A bank overdrafting is flexible borrowing facility on a bank current account which is repayable on demand. A bank overdraft does not actually result in cash flowing into a business. ... It depends on what the bank balance is day to day. Interest is calculated daily, usually at a high rate, on the overdrawn balance.

HOPE IT HELPS YOU....
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