wht is overdrafting and where we have to shown.
Answers were Sorted based on User's Feedback
Answer / omer khan
overdrafting means directing a banker to pay the amount
which is more than the amount available in the bank account
Is This Answer Correct ? | 5 Yes | 0 No |
Answer / sony joy
overdrafting is the process of taking loan from bank for
conducting business. and it is shown as the liability in the
balance sheet
Is This Answer Correct ? | 3 Yes | 0 No |
Answer / moti
While you see bank statment it shows dr.balence that means
bank will collect money from you.in other word you spend
more money in respect to bank balence
Is This Answer Correct ? | 2 Yes | 0 No |
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