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प्रश्न
What is meant by bank overdraft?
उत्तर
An amount of money that a customer with a bank account is temporarily allowed to owe to the bank. An overdraft occurs when money is withdrawn from a bank account and the available balance goes below zero.
APPEARS IN
संबंधित प्रश्न
A bank reconciliation statement is prepared by ________.
A bank reconciliation statement is prepared with the help of ______.
Debit balance in the bank column of the cash book means ______.
A bank statement is a copy of ______.
State any two causes of disagreement between the balance as per bank column of cash book and bank statement.
Substitute the following statement with one word/phrase.
A copy of customer’s account issued by the bank
Substitute the following statement with one word/phrase.
Debit balance as per bank statement
Substitute the following statement with one word/phrase.
Statement showing the causes of disagreement between the balance as per cash book and balance as per bank statement
