Bank Overdraf is an Asset or a liability for a Bank?
shakuntala chhangani
(FCA Course co-ordinator WIRC coaching centre)
(2525 Points)
Replied 26 April 2010
It is shown as asset under schedule 9 "Advances " in the Balance sheet of the Bank.
Regards, CA Shakuntala Chhangani
SUDHIR & PRADEEP JI
(CA FINAL+LLB + DISA)
(2299 Points)
Replied 26 April 2010
Bank overdraft is shown in Assets side under heading Loans & advances
as per scheulde 9
agreed with CA Shakuntala Chhangani
shakuntala chhangani
(FCA Course co-ordinator WIRC coaching centre)
(2525 Points)
Replied 26 April 2010
Thanks dear. but It is not loans and advances. Schedule 9 is only "Advances"
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