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What else can I help you with?
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?
How is bank overdraft a liability?
It's an accounting expression that basically means a debt
What do Current liabilities include in accounting?
Accounts Payable, bank overdraft, GST payable
What is journal entry of bank overdraft?
Debit cash / bankCredit loan from bank / bank overdraft
How do you record a bank loan in accounting?
Debit cash / bankCredit loan from bank
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
How will you record bank loan in tally accounting?
Debit bank a/c Credit loan a/c
Where do you put loan interest and bank overdraft in final accounts junior cert?
interest on bank overdraft.
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.
