CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Bank overdraft is shown on the _______ side of trial balance.

A
credit
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
debit
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
front
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
none of these
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A credit
Bank overdraft is a liability and liabilities are always having a credit balance.
Therefore, bank overdraft is to be shown on the credit side of the trial balance.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Shutting Down the Business
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon