banner_ad

Overdraft in bank's books

A/c entries 323 views 4 replies
User Avatar

5 Points Posted on 05 September 2020

When there is overdraft by one of customer of bank say of 25000 in current account. what will be the entry for 25000 in bank's books and how it will appear in balance sheet??

0 Reply Share Follow
On 05 September 2020 at 17:34 Report
Replies (4)
User Avatar

223 Points Posted on 05 September 2020
To be shown under current liabilities as short term loan
Reply
On 05 September 2020 at 17:51
User Avatar

5 Points Posted on 05 September 2020
How it will be a liability for a bank ? Isn't it an asset bcoz it is receivable from customer
Reply
On 05 September 2020 at 22:11
User Avatar

223 Points Posted on 05 September 2020
The question which I have understood is a current account having negative balance of 25k. if this understanding is correct then my reply is also correct in customers books. if you are asking what bank will show in their balance sheet then your reply is ok. it will be asset in bank books
Reply
On 05 September 2020 at 22:36
User Avatar

5 Points Posted on 08 September 2020
Yes I'm asking for entries in bank's books
Reply
On 08 September 2020 at 20:48


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details