What is reason of its


This query is : Resolved 

31 October 2024 what are meaning of
Negative closing balance of credit card
Negative closing balance of Bank account.

31 October 2024 A negative closing balance in a credit card or bank account typically indicates that:
Credit Card:
You've overpaid your credit card bill.
You've returned purchases or received refunds exceeding your outstanding balance.
You may be eligible for a refund or credit towards future purchases.
Bank Account:
You've over drafted or withdrawn more than your available balance.
Bank charges or fees have exceeded your account balance.
You'll need to deposit funds to cover the overdraft and avoid additional fees.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
18 August 2026
CA Semi Qualifies

Goyanka and Associates

New Delhi

CA Inter

View Details
Company
18 August 2026
Audit Assistant - Remote / Work From Home

CA ANOOP P K & ASSOCIATES

Kozhikode

CA Inter

View Details
Company
07 August 2026
Chartered Accountant

Devesh Garg and co

New Delhi

CA

View Details
Company
Featured 19 August 2026
Chartered Accountant

apricus india

Pune

CA

View Details
Company
ARTICLESHIP 08 August 2026
CA Articleship

RSAG & CO LLP

New Delhi

CA Inter

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
ARTICLESHIP 14 August 2026
Article Assistant

N J Suresh & Associates

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 17 August 2026
CA Article Trainee

ASC Group

Noida

CA Inter

View Details