What is overdraft?

+1 vote

asked Apr 1, 2019 in Class 12 by kratos

What is overdraft?

Please log in or register to add a comment.

+1 vote

answered Jan 22, 2020 by kratos

Best answer

It is a facility provided by a bank to its current account holders to overdraw their accounts up to certain limit.

In which circumstances compulsory dissolution is happen?
A, B and C’s profit sharing ratio is 1 : 2 : 2. Before debiting realization loss partners capital account balance are Rs 3,000 (Dr.),
”There is a difference between dissolution of partnership and partnership firm.” Explain this statement.
Explain Garner V/S Murray rule.
At the time of dissolution of the firm, partners capital Rs 20,000, liabilities Rs 15,000 and cash balance

Snow Theme by Q2A Market

...