Overdraft facility is allowed to __________ account. 

Overdraft facility is allowed to __________ account. 
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Overdraft facility is allowed to __________ account. (a) saving (b) recurring (c) current (d) fixed deposit.
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Overdraft facility is allowed to Proprietor’s Personal A/c.

Description : Overdraft facility is allowed to Proprietor’s Personal A/c.

Last Answer : State whether the following statement are True or False with reason : Overdraft facility is allowed to Proprietor’s Personal A/c.

Overdraft facility is given only to current depositors.

Description : Overdraft facility is given only to current depositors.

Last Answer : Justify the following statement: Overdraft facility is given only to current depositors.

Interest on bank overdraft is recorded on _________ side of Pass Book. 

Description : Interest on bank overdraft is recorded on _________ side of Pass Book. 

Last Answer : Interest on bank overdraft is recorded on _________ side of Pass Book. (a) debit (b) credit (c) any (d) both

Overdraft means _________ balance of Pass Book. 

Description : Overdraft means _________ balance of Pass Book. 

Last Answer : Overdraft means _________ balance of Pass Book. (a) opening (b) debit (c) credit (d) closing

Bank overdraft means ___________ balance of Bank A/c. 

Description : Bank overdraft means ___________ balance of Bank A/c. 

Last Answer : Bank overdraft means ___________ balance of Bank A/c. (a) Debit (b) Credit (c) Positive (d) Nil

How to Recover Bank Account Overdraft Fees?

Description : How to Recover Bank Account Overdraft Fees?

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The permission given to a bank customer to draw cheques in excess of his current account balance is called - (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft

Description : The permission given to a bank customer to draw cheques in excess of his current account balance is called - (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft

Last Answer : (4) an overdraft Explanation: Overdrafts is an extension of credit from a lending institution when an account reaches zero. An overdraft allows the individual to continue withdrawing money even if the ... available balance goes below zero. In this situation the account is said to be "overdrawn."

A. Bank overdraft B. Bills Payable C. Account Payable D. Retain earning

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The permission given to a bank customer to draw cheques in excess of his current account balance is called (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft

Description : The permission given to a bank customer to draw cheques in excess of his current account balance is called (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft

Last Answer : an overdraft

Outstanding expenses is a __________ account. 

Description : Outstanding expenses is a __________ account. 

Last Answer : Outstanding expenses is a __________ account. (a) Real (b) Personal (c) Nominal (d) None of them

Wages paid for installation of machinery is debited to __________ account. 

Description : Wages paid for installation of machinery is debited to __________ account. 

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When the total of debit side of an account exceeds credit side, it is called __________ balance. 

Description : When the total of debit side of an account exceeds credit side, it is called __________ balance. 

Last Answer : When the total of debit side of an account exceeds credit side, it is called __________ balance. (a) Debit (b) Credit (c) Nil (d) Real

Which facility is given to the Current Account holder?

Description : Which facility is given to the Current Account holder?

Last Answer : Which facility is given to the Current Account holder?

Mark the incorrect option relating to PPF account a) An individual can open account with Rs 5/- b) Joint account can be opened in PPF c) Nomination facility is available d) Both the A and B

Description : Mark the incorrect option relating to PPF account a) An individual can open account with Rs 5/- b) Joint account can be opened in PPF c) Nomination facility is available d) Both the A and B

Last Answer : b) Joint account can be opened in PPF

Mark the correct option a) A literate person can account with cheque facility b) No minimum amount is required for opening of Workers wage account c) Saving account can be opened by cash only d) All the above

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At a crossroads, traffic is controlled by a traffic light. Is it allowed to overtake here? (Cross Test)

Description : Yes, if overtaking does not involve using the left side of the road in the direction of travel. No. Yes, but only if the green light on the light is on as an arrow.

Last Answer : 2. No.

What is the maximum speed allowed for a car on the road? (Cross Test)

Description : 120 km / h. 110 km / h. 80 km / h.

Last Answer : 2. 110 km / h.

In general business partnership firm maximum ________ partners are allowed. 

Description : In general business partnership firm maximum ________ partners are allowed. 

Last Answer : In general business partnership firm maximum ________ partners are allowed. (a) 2 (b) 20 (c) 50

Who is responsible for overdraft fees on a bad check?

Description : Who is responsible for overdraft fees on a bad check?

Last Answer : answer:Yes, you can hold her responsible for any fees that you incurred. You can also charge her a fee for your trouble having to track her down. If she does not pay you, you can take her to small claims court.

What is bank overdraft ?

Description : What is bank overdraft ?

Last Answer : If the bank gives the owner of the current account a chance to withdraw the excess money from his deposit, he is called an overdraft. In this case the opportunity to withdraw money up to a certain limit is provided.

What is overdraft ?

Description : What is overdraft ?

Last Answer : If the bank gives the owner of the current account a chance to withdraw the excess money from his deposit, he is called an overdraft.

(i) Stock in trade, Bank overdraft, Bills receivable.

Description : (i) Stock in trade, Bank overdraft, Bills receivable.

Last Answer : Find the odd one : (i) Stock in trade, Bank overdraft, Bills receivable. (ii ... Income received in advance, Prepaid Expenses, Outstanding Expenses.

(i) Bank overdraft is an Asset of the business concern.

Description : (i) Bank overdraft is an Asset of the business concern.

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Overdraft as per Cash Book means debit balance as per Cash Book.

Description : Overdraft as per Cash Book means debit balance as per Cash Book.

Last Answer : State whether the following statement are True or False with reason : Overdraft as per Cash Book means debit balance as per Cash Book.

The debit balance of Pass Book represents overdraft.

Description : The debit balance of Pass Book represents overdraft.

Last Answer : State whether the following statement are True or False with reason : The debit balance of Pass Book represents overdraft.

1 Cash Balance ₹ 56,000 Bank Overdraft ₹ 11,000

Description : 1 Cash Balance ₹ 56,000 Bank Overdraft ₹ 11,000

Last Answer : Enter the following transaction of Mr. Chavan in a cash book with cash and bank column for the month ... cash and electricity bill ₹ 7,400 by cheque.

Interest on overdraft charged by the bank is recorded in the cash column.

Description : Interest on overdraft charged by the bank is recorded in the cash column.

Last Answer : State whether the following statement are True or False with reason : Interest on overdraft charged by the bank is recorded in the cash column.

What is meant by Bank Overdraft?

Description : What is meant by Bank Overdraft?

Last Answer : What is meant by Bank Overdraft?

Distinguish between the following: Loan and Overdraft

Description : Distinguish between the following: Loan and Overdraft

Last Answer : Distinguish between the following: Loan and Overdraft

Explain the following concept: Overdraft

Description : Explain the following concept: Overdraft

Last Answer : Explain the following concept: Overdraft

Select the correct option from the bracket: Group ‘A’ - (1) Overdraft

Description : Select the correct option from the bracket: Group ‘A’ - (1) Overdraft

Last Answer : Select the correct option from the bracket: Group A' Group B' (1) Overdraft ... Deposits, Current Account, Letter of Credit, Businessman)

Can I overdraft my capital one card?

Description : Can I overdraft my capital one card?

Last Answer : It would depend on which card you have and the policy governingthat card, but in most cases the answer would be yes and you wouldlikely be charged a hefty overdraft fee.

What is overdraft protection (ODP)?

Description : What is overdraft protection (ODP)?

Last Answer : What is the answer ?

What is the difference between a loan and an overdraft?

Description : What is the difference between a loan and an overdraft?

Last Answer : an overdraft is over drawing on a current account in excess of the credit balance whilst a loan is the act of lending or borrowing, for temporary use with permission

Which of the following is not a banking related term? (A) SME Finance (B) Equinox (C) Overdraft (D) Sanctioning Authority

Description : Which of the following is not a banking related term? (A) SME Finance (B) Equinox (C) Overdraft (D) Sanctioning Authority

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Failure to carryout a contract is called ? 1. breaking 2. default 3. overdraft 4. insolvency 5. None of these

Description : Failure to carryout a contract is called ? 1. breaking 2. default 3. overdraft 4. insolvency 5. None of these

Last Answer : breaking

Which of the following is not a type of Bank credit 1. Loan 2. Fixed deposit 3. Overdraft 4. All of these 5. None of these

Description : Which of the following is not a type of Bank credit 1. Loan 2. Fixed deposit 3. Overdraft 4. All of these 5. None of these

Last Answer : Fixed deposit

What is similar to overdraft except that it is comparatively for a longer period?

Description : What is similar to overdraft except that it is comparatively for a longer period?

Last Answer : Cash credit

Unsecured short term deposit made by one company with another (only in case of public company) a. ICD b. Overdraft c. Cash Credit d. Promissory Note

Description : Unsecured short term deposit made by one company with another (only in case of public company) a. ICD b. Overdraft c. Cash Credit d. Promissory Note

Last Answer : a. ICD

The explanation facility of an expert system may be used to __________ a) construct a diagnostic model b) expedite the debugging process c) explain the system’s reasoning process d) expedite the debugging process & explain the system’s reasoning process

Description : The explanation facility of an expert system may be used to __________ a) construct a diagnostic model b) expedite the debugging process c) explain the system’s reasoning process d) expedite the debugging process & explain the system’s reasoning process

Last Answer : d) expedite the debugging process & explain the system’s reasoning process

All items of indirect income are shown on the credit side of the _________ Account. 

Description : All items of indirect income are shown on the credit side of the _________ Account. 

Last Answer : All items of indirect income are shown on the credit side of the _________ Account. (a) Balance Sheet ... (c) Manufacturing (d) None of them

Drawing account is closed by transferring the balance to the _________ account. 

Description : Drawing account is closed by transferring the balance to the _________ account. 

Last Answer : Drawing account is closed by transferring the balance to the _________ account. (a) Drawing (b) Liabilities (c) Assets (d) Capital

If the trial balance shows a short credit the suspense account will have a _______ balance. 

Description : If the trial balance shows a short credit the suspense account will have a _______ balance. 

Last Answer : If the trial balance shows a short credit the suspense account will have a _______ balance. (a) debit (b) zero (c) credit (d) nil

If the trial balance does not agree the difference of the trial balance is placed in _______ account. 

Description : If the trial balance does not agree the difference of the trial balance is placed in _______ account. 

Last Answer : If the trial balance does not agree the difference of the trial balance is placed in _______ account. ... ) Suspense (c) Rectification (d) Real

Pass Book is _________ of account holders transactions with bank. 

Description : Pass Book is _________ of account holders transactions with bank. 

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1 Started business with cash ₹ 30,000.  2 Opened a current account with the bank and deposited ₹ 9,000. 

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Total of Sales book is ____________ to sales account. 

Description : Total of Sales book is ____________ to sales account. 

Last Answer : Total of Sales book is ____________ to sales account. (a) entered (b) moved (c) posted (d) given

When goods are sold on credit ___________ account is credited. 

Description : When goods are sold on credit ___________ account is credited. 

Last Answer : When goods are sold on credit ___________ account is credited. (a) Buyer’s A/c (b) Cash A/c (c) Sales A/c (d) Seller’s A/c

Excess of debit total of an account over it’s credit total indicates _____________ balance. 

Description : Excess of debit total of an account over it’s credit total indicates _____________ balance. 

Last Answer : Excess of debit total of an account over it’s credit total indicates _____________ balance. (a) Negative (b) Positive (c) Debit (d) Credit

Cash account always shows ________ balance. 

Description : Cash account always shows ________ balance. 

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