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Partner's Capital Accounts

State with re...

Question

State with reasons, whether you 'agree' or 'disagree' with the following statement:
Overdraft facility is not provided to the current account holders.

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Solution

A Bank Overdraft Facility refers to the ability to draw funds greater than that are available in the bank's current account. Therefore, it is provided to all the bank holders who are open as current account holders.

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