Bank Overdraf is an Asset or a liability for a Bank?
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Answer / vidhya vishwakarma
my answer is bank overdraf is an asset for a bank and
liability for us because bank over draft means some time
customer has not more money in the bank. but he issue the
cheque then bank give us this facilities and bank pay to
other (who credit cheque ). ofter that we pay to bank with
interest (it is our liability)
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / bino
bank overdraft is an asset to banks but it is a liability
to the customer
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / utkarsh gupta
Bank Overdraft is an Asset for Bank because bank will
recovered such amount from us
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sukanya
bank over draft is an asset for bank liability for an company
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sheshadri
Bank overdraft is an liability for bank.for us asset
| Is This Answer Correct ? | 8 Yes | 154 No |
Cash discount is allowed to the customer to encourage them - -------------
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