Multiple Choice Questions on Bank Overdraft is shown as ........ for UPSC EPFO Exam Preparation

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Multiple Choice Questions

Bank Overdraft is shown as ........

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Debit side

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The bank overdraft is a liability as the company has to pay to the bank so it is shown on the credit side.

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kindly explain this is it per bank or business?

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it is as per business. Organization keeps account details in order to verify the transactions in bank account.

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