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What is bank over draft
Related: Cash Book with Triple Column
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What is bank over draft Related: Cash Book with Triple Column
A bank overdraft is flexible borrowing facility on a bank current account which is repayable on demand. A bank overdraft does not actually result in cash flowing into a business.It depends on what the bank balance is day to day. Interest is calculated daily, usually at a high rate, on the overdrawn balance.
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What is bank over draft Related: Cash Book with Triple Column
Bank overdraft is related to process in the passbook it refers to over withdrawing money from our passbookfor example if a passbook has rupees 5,000 and we are going to withdrawal 6,000 then the bank overdraft is equal to 1000
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What is bank over draft Related: Cash Book with Triple Column
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What is bank over draft Related: Cash Book with Triple Column for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about What is bank over draft Related: Cash Book with Triple Column covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is bank over draft Related: Cash Book with Triple Column.
What is bank over draft Related: Cash Book with Triple Column for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about What is bank over draft Related: Cash Book with Triple Column covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is bank over draft Related: Cash Book with Triple Column.
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