Results for: Overdraft

How do you record overdraft?

  please help me, on how do i record bank overdraft on the book of account?   An How do you record the Post Dated Check received?
Thanks for the feedback!

What is bank overdraft?

Bank Overdraft is a facility wherein a bank customer can withdraw more money than what is actually available in his/her account. Let us say I have an overdraft account with IC (MORE)

What is authorised overdraft?

  An authorised overdraft is an amount of money that you have agreed with you bank and which you can withdraw from the account for which the overdraft has been set up, the (MORE)

Advantages of overdrafts?

A overdraft can ease cases where a very short term, large sum of money is required. But honestly it will be better terms to argue about the disadvantages of a overdraft, as t (MORE)

What are the disadvantages of overdrafts?

Overdraft fees incur disadvantages onto both banking consumers and  originating firms themselves. Overdrafts can represent a form of  usury against economically at risk popu (MORE)
In Banking

What is overdraft in banking?

Overdraft is a facility wherein a customer can withdraw money from his account even if he does not have sufficient balance to cover for it. He would have to eventually return (MORE)

What is an agricultural overdraft?

Either one will work. What will be more important is your skill as a phtoographer (if you overexpose your photos, you will wash out the color). If you don't keep your hand ste (MORE)

What are overdraft accounts?

Overdraft is a facility wherein a customer can withdraw money from his account even if he does not have sufficient balance to cover for it. He would have to eventually return (MORE)

How do you repay an overdraft?

You don't actually repay and overdraft fee. When your account becomes negative the overdraft fee is then taken out adding to the original negative amount. In order for the ban (MORE)
In Uncategorized

What is the purpose of overdrafts?

The reasons people overdraft their account vary depending on their situation. Mostly, it is because they need to purchase something that they do not have the funds available f (MORE)