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What else can I help you with?
Is bank overdraft an asset?
yes it is an asset overdraft
Where is an opening bank overdraft shown?
Would you classify a Bank Overdraft as Cash? If Yes, why?
Where do you put loan interest and bank overdraft in final accounts junior cert?
interest on bank overdraft.
What are the advantages and disadvantages of overdraft facilities?
there is none
What are the disadvantages of a overdraft?
Some disadvantages include: 1. Rate of interest charged on the overdraft amount used 2. We do not keep a check on our expenses. because of the availability of overdraft we may overspend when compared to our income.
Disadvantage of bank overdraft?
Some of the disadvantages of a bank overdraft facility are:you keep spending money even when you don't have enough cash to meet your spendingyou pay an interest on the money you utilize as part of the overdraft
What is journal entry of bank overdraft?
Debit cash / bankCredit loan from bank / bank overdraft
What is the journal entry for bank overdraft taken from any bank?
Debit cash / bankCredit bank overdraft
Is bank overdraft an asset?
yes it is an asset overdraft
Where is an opening bank overdraft shown?
Would you classify a Bank Overdraft as Cash? If Yes, why?
When filing for a bank overdraft what do the bank check for?
Your income & your ability to repay the money provided as overdraft
Where do you put loan interest and bank overdraft in final accounts junior cert?
interest on bank overdraft.
What are the disadvantages of check?
The disadvantages of free checking are that the service isn't as good. It takes longer times for deposits. You may not receive a bank card, you have to pay more for your checks, and you have no overdraft protection.
What is the journal entry for overdraft?
For an overdraft, the journal entry would be to debit the bank account (increasing the overdraft liability) and credit the corresponding expense account or accounts that led to the overdraft. This reflects the additional amount drawn from the bank account beyond the available balance.
What are the advantages and disadvantages of overdraft facilities?
there is none
Do you have to pay interest on a bank overdraft?
do you have to pay interest on a band overdraft ?
What are the disadvantages of a overdraft?
Some disadvantages include: 1. Rate of interest charged on the overdraft amount used 2. We do not keep a check on our expenses. because of the availability of overdraft we may overspend when compared to our income.
