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

1 Answer

Answer :

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

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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.

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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.

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Last Answer : What is meant by Bank Overdraft?

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