Can you explain the answer of this question below:
 Bank overdraft account is a : 
  • A:
    Personal account 
  • B:
    Real account 
  • C:
    Nominal account 
  • D:
    Representative personal account 
The answer is a.

Related Test

Answers

Meghana Pokuri
Jun 02, 2020
Can you explain the answer of this question below: Bank overdraft account is a : 

A:Personal account 

B:Real account 

C:Nominal account 

D:Representative personal account

Nimmi
Nov 19, 2020
Bank Overdraft is an artificial Personal Account, so will be classified as Personal Account. It is current liability of a person.

Priya
Jun 08, 2018
As it is releated to individual

Aman Jangra
Nov 18, 2020
(A) Personal account is right answer

NIBHA SHARMA
Jan 31, 2020
Bank Overdraft is an artificial Personal account, so will be classified as Personal Account.

An overdraft is current liability which is payable in 12 months. An overdraft is given to a current account holder to withdraw an amount greater than the amount in the account.

Koshal
Jan 29, 2022
It is a personal account because it is related to bank. Bank is an artificial person which comes under personal account.

Neha Tanu
Nov 18, 2020
(A)Personal account...
bank account is a personal account.it comes under the category of artificial personal account. artificial persons are created by law and real persond our membersin it. So bank account is a personal account.

Nagen Khuntia
Nov 21, 2020
Bank overdraft is a personal account and it is a current liability.

Gunjan Singh
Jun 02, 2020
It is Personal Account Because..In business accounting, an overdraft is considered a current liability which is generally expected to be payable within 12 months.

Anuu Jaiswalll
Nov 08, 2020
Personal account is bank over draft account .....

Can you explain the answer of this question below: Bank overdraft account is a : A:Personal account B:Real account C:Nominal account D:Representative personal account

Download free EduRev App

Track your progress, build streaks, highlight & save important lessons and more!
Can you explain the answer of this question below: Bank overdraft account is a : A:Personal account B:Real account C:Nominal account D:Representative personal account