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What if your checking account is overdrawn by 50 you write a check for 20 what is the balance?
If your checking account is overdrawn by $50 and you write a check for $20, the check will further increase the overdraft. Your new balance would be $50 (overdrawn amount) + $20 (check amount) = $70 overdrawn. Therefore, your balance would be -$70.
If a balance in the bank account is overdrawn on what side is the balance brought down?
bank
Because my account was overdrawn I have got a letter from BofA Your account has been closed they deposited the amount overdrawn now my ending balance is 0.00 do I have to pay them back?
Yes!
Do service charges appearing on the bank statement at the end of the month add to your checkbook balance?
No, service charges do not add to your checkbook balance; they actually reduce it. When you record service charges in your checkbook, you should subtract them from your balance to ensure it accurately reflects your available funds. It's important to keep your checkbook and bank statement in sync to avoid overdrafts.
What does it mean if your account has a minus sign?
IT most likely means that your overdrawn on your account and its at a negative balance.
What is the past tense of overdrawn?
The past tense of overdrawn is overdrew. As in "he overdrew his bank balance".
Does overdrawn mean add or subtract?
Overdrawn means to withdraw more money from an account than is available, resulting in a negative balance. In this context, it indicates a subtraction of funds beyond what is present. Therefore, being overdrawn is associated with a deficit rather than an addition.
If a company has overdrawn its bank balance then what is the answer?
if the company has overdrawn it balance that means the company ow the bank' in other words the company had made an overdraft, it is the liability to the company..
If a balance in the bank account is overdrawn on what side is the balance brought down?
bank
What if your checking account is overdrawn by 50. you write a check for 20. what is the balance on you account?
At the moment of writing the check, the balance is still $50 overdrawn. If the check should be presented to the bank, then your balance will depend upon several factors: If you have an overdraft facility and the $20 check does not exceed this, then your new balance will be $70 overdrawn. If you do not have an overdraft facility, then the bank may bounce (decline) the check, in which case your balance may still be $50 overdrawn. However, they may charge you for bouncing the check as you did not have the funds to meet the check, so your overdraft will be increased by their fee, whatever it is. They may honour the check and your bank balance will be $70 overdrawn. However, they may also charge you a fee for honouring the check when you were overdrawn; thus your balance will be increased from $70 overdrawn by their fee. You may also have received funds before the check was presented, eg you got paid, and so the balance may not be overdrawn and the check honoured without problem.
Because my account was overdrawn I have got a letter from BofA Your account has been closed they deposited the amount overdrawn now my ending balance is 0.00 do I have to pay them back?
Yes!
If a company has overdrawn its bank balance then?
The amount of the debits must equal the amounts of credits
What is the term used for a negative checking account balance?
"Overdrawn" is the common term used to describe a negative checking account balance.
What does it mean if your account has a minus sign?
IT most likely means that your overdrawn on your account and its at a negative balance.
How can the business show a profit and yet be overdrawn at the bank?
A business' profit is absolutely unrelated to its bank balance.
Rhonda wrote a check for 45.92 What is her new balance if she had a previous balance of 225.46 after how much will she overdrawn on her account if she writes another check for 453.87?
274.33(:
How can you use negative numbers to represent real-world problems?
An overdrawn balance on your bank account is a negative number !
