Accountancy, asked by upendrapalpal429, 5 months ago

what is bank overdraft?

Answers

Answered by Anonymous

11

Explanation:

The overdraft allows the account holder to continue withdrawing money even when the account has no funds in it or has insufficient funds to cover the amount of the withdrawal. Basically, an overdraft means that the bank allows customers to borrow a set amount of money.

Previous Question

Next Question

Similar questions

Math, 2 months ago

A cutting plane divides the surface of a sphere into two zones with areas 24π in^2 and 72π in^2. Find the area of the section formed.

English, 2 months ago

Explain the meaning of drops gold of passers-by...

Hindi, 2 months ago

लागी का मानक रूप लिखिए...

Chemistry, 5 months ago

what is reducing agent!.

Physics, 5 months ago

A constant volume gas thermometer using helium records a pressure of 20.0 kPa at the triple-point of water, and pressure of 14.3 kPa at the temperature of 'dry ice' (solid CO_(2)). What is the temperature of 'dry ice' ?

Science, 10 months ago

What was Gandhi-Irwin pait?

Science, 10 months ago

Money in your pocket cannot buy all the goods and services that you may need to live well. So, income by itself is not a completely adequate indicator of material goods and services that citizens are able to use. For example, normally, your money cannot buy you a pollution-free environment or ensure that you get unadulterated medicines, unless you can afford to shift to a community that already...

Science, 10 months ago

What were the main features of the cities of colonial India.