Accountancy, asked by rohitkumarraj9625, 4 months ago

what is the nature of bank overdraft​

Answers

Answered by damakkhrera123
1

Answer:

A bank account overdraft happens when an individual's bank account balance goes down to below zero, resulting in a negative balance. It usually happens when there are no more funds in the account in question, but an outstanding transaction is processed through the account, leading to the account holder incurring a debt.

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