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Bank Overdraf is an Asset or a liability for a Bank?
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Answer / sushant singh
Bank overdraft is an asset for the bank.
it is a liability for us.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / m.saraswathi
Bank O/D is an asset to the bank & liability to the a/c
Holder
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / prasanta
when a customer withdrawing more money than the deposit
amount then it is called overdraft and the customer has to
pay this amount along with the interest to the bank.That's
why it is a liability for the customer whereas it is
regarded as an asset for the Bank.
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / satyaki_raju@yahoo.com
Mr seshadri and Guest why dont you both understand the
question before answering
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / vijendra
Bank overdraft is asset for bank and liablity for business.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / yadagiri
Why don't we think in a different angle? i.e. is there any
chance that Balance Sheet of a Bank contains 'bank OD' on
liabilities side? In that case it is certainly a LIABILITY
for the bank in whose B/S it is shown.
Other wise the answer given by most of our friends is correct.
I have given this answer keeping in view that question is
little bit ambiguous.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / sanad jasoria
definitely bank overdraft is laibility for us and assets
for bank.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / suraj
bank o.d. is an asset for bank and for us liability thats it
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / sk
Bank Overdraft is an asset to the Bank And a Liabilitiy to
the asset holder, It excess of payments over receipts in
the Bank A/c of an Individual.
| Is This Answer Correct ? | 1 Yes | 0 No |
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