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Bank Overdraf is an Asset or a liability for a Bank?
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Answer Posted / 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 |
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