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What is meant by bank overdraft?

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प्रश्न

What is meant by bank overdraft?

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उत्तर

An amount of money that a customer with a bank account is temporarily allowed to owe to the bank. An overdraft occurs when money is withdrawn from a bank account and the available balance goes below zero.

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अध्याय 8: Bank Reconciliation Statement - Very short answer questions [पृष्ठ १७१]

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सामाचीर कलवी Accountancy [English] Class 11 TN Board
अध्याय 8 Bank Reconciliation Statement
Very short answer questions | Q II 1. | पृष्ठ १७१
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