Bank Overdraft is shown as ...

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General Accounting Principles Accounting cycles Add to Study Deck

Bank Overdraft is shown as

Cr side of bank column

Dr side of bank column

Cr side of cash column

None of the above

Explanation:

Bank overdraft is known as cash credit also. ... Being a loan, bank overdraft is shown in liabilities side of the balance sheet. Again, if the overdraft is against any security then it will be shown as secured loan and if no security is furnished for overdraft then it will be shown as unsecured loan.

Bank Overdraft is shown as Cr side of bank column