Answer Posted / simran

Bank Overdraft is a liability for us
because when we over withdrew money from bank it is our
liability to pay it back.
so it is shown on the liability side in our balance sheet.


And it is an asset for bank because they will received the
total amount along with interest from us.
it will be shown on asset side in balance sheet of bank.

Pls Give me Solution for me. Bcz i m persuing b.a iii But now i m working in accounts . So what i do In future .

2204

---

How to enter PO in SAP

1888

---

intorduse your self ? what to say if iam fresher.

2555

---

Why closing stock appears both in trading and Balance sheet? Why does it doesnot appear in trail balance.

2265

---

Hello every one i'm going to interview for as an account profile company is construction works so plz guys help me about furthering interview question

2075

---

if we have credit 50 % rg23c part ii first and not credit next balance 50 % .when we have do?

1794

---

i have need full detail of tds rules and forms submitted dovetails

1985

---

capital introduced by partners? how it will be shown in tally? (i.e.at the place of Account what we have to post) (at the place of particulars what we have to post) (in which vocher we can post it)

2241

---

Expand---------ODMT

2462

---

WHAT IS INTEGRAL ACCOUNTING

2151

---

Difference Between Revenue & Capital Expenditure (Give an Example of each )

2093

---

Queries for Big4 Articleship : Whether son of CA in practice effects chances.

6931

---

what is futures and options?

2141

---

please tell me questions asked in NICMAR for the post of accounts executive

3967

---

What exactly balance sheet depicts

1969

---