What is overdraft in accounting
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An overdraft usually refers to a checking account where the checks presented to the bank for payment exceeds the amount on deposit when this occurs we say that the checking account customer has overdrawn it's account. The overdraft means that the bank's record indicate a negative checking account balance.
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A facility in which of customer is allowed overdraw is current account and agree limit
provided only respected and reliable customer for a short period of time
hope it's help u
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