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Bank Overdraft is shown as
Cr side of bank column
Dr Side of bank column
Cr side of cash column
None of the above
Bank overdraft is a liability and liabilities are always having a credit balance. Therefore, bank overdraft is to be shown on the credit side of the trial balance.
By: Subhash Singh ProfileResourcesReport error
Ashok gauniyal
Debit side
The bank overdraft is a liability as the company has to pay to the bank so it is shown on the credit side.
vishal bhardwaj
kindly explain this is it per bank or business?
it is as per business. Organization keeps account details in order to verify the transactions in bank account.
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