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What is the treatment of Bank …

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What is the treatment of Bank Overdraft in dissolution of a firm ? Can we take it as a negative bank balance ?

    • Posted by Akshat Banka 6 years, 1 month ago

    CBSE > Class 12 > Accountancy
    • 5 answers

    Dheeraj Jandu 6 years, 1 month ago

    It is first transfer to the credit side of realisation account and then paid off

    0Thank You

    Rishab Jain 6 years, 1 month ago

    bur we should even transfer to bank a/c

    0Thank You

    Rishab Jain 6 years, 1 month ago

    yes u r right

    0Thank You

    Rishab Jain 6 years, 1 month ago

    yes

    1Thank You

    Kohina Rai 6 years, 1 month ago

    No, it is an outsider's liability thats why transfer to credit side of realisation account

    2Thank You

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