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

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

1 Answer

Answer :

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

Related questions

Bank charges charged by bank are recorded on _________ side of Pass Book. 

Description : Bank charges charged by bank are recorded on _________ side of Pass Book. 

Last Answer : Bank charges charged by bank are 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

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.

Direct deposit by a customer will be recorded on __________ side of Pass Book. 

Description : Direct deposit by a customer will be recorded on __________ side of Pass Book. 

Last Answer : Direct deposit by a customer will be recorded on __________ side of Pass Book. (a) debit (b) credit (c) left hand (d) any

Pass Book is _________ of account holders transactions with bank. 

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

Last Answer : Pass Book is _________ of account holders transactions with bank. (a) an extract (b) balance sheet (c) balance (d) mode

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

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.

Payments made by the bank as per standing instructions are recorded on the Debit balance of the Pass Book.

Description : Payments made by the bank as per standing instructions are recorded on the Debit balance of the Pass Book.

Last Answer : State whether the following statement are True or False with reason : Payments made by the bank ... recorded on the Debit balance of the Pass Book.

Overdraft facility is allowed to __________ account. 

Description : Overdraft facility is allowed to __________ account. 

Last Answer : Overdraft facility is allowed to __________ account. (a) saving (b) recurring (c) current (d) fixed deposit.

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.

(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.

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.

What is meant by Bank Overdraft?

Description : What is meant by Bank Overdraft?

Last Answer : What is meant by Bank Overdraft?

How to Recover Bank Account Overdraft Fees?

Description : How to Recover Bank Account Overdraft Fees?

Last Answer : WaitOnce you notice that you have an overdraft charge, you will need to wait until you know it has been posted. It does not matter if you see the charge online or if you just notice that your ... you do not need to worry about it for now.Call Customer ServiceOnce your overdraft fee and your deposit

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."

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

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

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

Last Answer : D. Retain earning

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

The fact of cleaning of seals and stamps should every time be recorded in postmaster ____ in Head offices in the _________ in Sub offices in the__________of the HAS, the mail agent or the Record assistant which will be examined by the ____at the time of inspection a) Daily a/c, Error book, dairy, inspecting officer b) Order book, Error book, rough note, inspecting officer c) Order book, dairy, rough note, postmaster d) Order book, Error book, dairy, inspecting officer

Description : The fact of cleaning of seals and stamps should every time be recorded in postmaster ____ in Head offices in the _________ in Sub offices in the__________of the HAS, the mail agent or the Record ... c) Order book, dairy, rough note, postmaster d) Order book, Error book, dairy, inspecting officer

Last Answer : b) Order book, Error book, rough note, inspecting officer

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

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.

According to ____________ concept, assets are recorded at a price paid to acquire them. 

Description : According to ____________ concept, assets are recorded at a price paid to acquire them. 

Last Answer : According to ____________ concept, assets are recorded at a price paid to acquire them. (a) Cost ... measurement (c) Entity (d) Dual aspect

Credit sale of goods recorded in cash book receipts side.

Description : Credit sale of goods recorded in cash book receipts side.

Last Answer : Correct the following sentences and rewrite them same : (i) Credit sale of goods recorded in ... The dividend received is a loss for the business

Interest credited in Pass Book is an income to the customer.

Description : Interest credited in Pass Book is an income to the customer.

Last Answer : State whether the following statement are True or False with reason : Interest credited in Pass Book is an income to the customer.

Minutes should be recorded within _________ days from the date of conclusion of every meeting A. 10 B. 20 C. 30 D. 40

Description : Minutes should be recorded within _________ days from the date of conclusion of every meeting A. 10 B. 20 C. 30 D. 40

Last Answer : C. 30

When cheque is ________ into bank Cash Book is debited. 

Description : When cheque is ________ into bank Cash Book is debited. 

Last Answer : When cheque is ________ into bank Cash Book is debited. (a) written (b) issued (c) deposited (d) dishonoured

Interest payments on loans borrowed abroad are recorded in A. Capital Account B. Current Accounts C. errors and Omission Section D. Official Reserve Account

Description : Interest payments on loans borrowed abroad are recorded in A. Capital Account B. Current Accounts C. errors and Omission Section D. Official Reserve Account

Last Answer : Current Accounts

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 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) Bank overdraft is an Asset of the business concern.

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

Last Answer : Correct and Rewrite the following statements: (i) Bank overdraft is an Asset of the business ... expenses, and purchase transferred to Trading A/c)

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.

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

Last Answer : Answer: Equinox

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

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

Bank charges debited by Bank increase bank balance as per Pass Book.

Description : Bank charges debited by Bank increase bank balance as per Pass Book.

Last Answer : State whether the following statement are True or False with reason : Bank charges debited by Bank increase bank balance as per Pass Book.

Can a car marked A pass in front of a pedestrian? (Cross Test)

Description : [img] https:///wp-content/uploads/2016/01/teszt15.jpg [/ img] Yes. No.

Last Answer : 2. No.

1 Pass opening entries: Debtors ₹ 20,000; Creditors ₹ 30,000; Computer ₹ 50,000 and Capital ₹ 40,000. 

Description : 1 Pass opening entries: Debtors ₹ 20,000; Creditors ₹ 30,000; Computer ₹ 50,000 and Capital ₹ 40,000. 

Last Answer : Journalise the following transactions in the Journal Proper of Mr. Mahadev. 1 Pass opening entries: ... Allowed cash discount of ₹ 1,000 to Ajay.

(i) First Board Meeting is held within _________ days of the date of its incorporation. 

Description : (i) First Board Meeting is held within _________ days of the date of its incorporation. 

Last Answer : Select the correct answer from the options given below and rewrite the statements. (i) First Board ... Directors (b) Members (c) Creditors

(i) Annual General Meeting is held _________ in a year. 

Description : (i) Annual General Meeting is held _________ in a year. 

Last Answer : Select the correct answer from the options given below and rewrite the statements. (i) Annual General Meeting is held ... (a) 5 (b) 30 (c) 15

The _________ is almost an unalterable document. 

Description : The _________ is almost an unalterable document. 

Last Answer : The _________ is almost an unalterable document. (a) Memorandum (b) Articles (c) Prospectus

The Domicile clause of the Memorandum of Association states about the _________ of a company. 

Description : The Domicile clause of the Memorandum of Association states about the _________ of a company. 

Last Answer : The Domicile clause of the Memorandum of Association states about the _________ of a company. (a) capital (b) liability (c) registered address

For alteration in the Articles _________ resolution is required. 

Description : For alteration in the Articles _________ resolution is required. 

Last Answer : For alteration in the Articles _________ resolution is required. (a) Ordinary (b) Special (c) Circular