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What is bank overdraft...???

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What is bank overdraft...???

Posted by Shourya Yadav 5 years, 1 month ago

CBSE > Class 11 > Accountancy

2 answers

Deepanshu Jha 5 years ago

When the account holder withdraw the excess money which is not the your balance that given by the bank . That's called bank overdraft

Yogita Ingle 5 years, 1 month ago

When a firm/account holder withdraws excess amount over the available bank balance, then the account runs a negative bank balance. The negative balance is called a bank overdraft. In other words, bank overdraft is the excess of withdrawals over deposits.

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