MyQuestionIcon

16

You visited us 16 times! Enjoying our articles? Unlock Full Access!

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.

Open in App

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.

Suggest Corrections

thumbs-up

0

Similar questions

Q. State with reasons whether you agree or disagree with the following statements.
Providing safe deposit vault facility is the only general function of commercial banks.

State with reasons whether the following statements are True or False.

Overdraft facility is granted to saving account holders.

Q. State whether the following statement is True or False.
Overdraft facility is provided to saving account holders.

Q. State with reasons whether you agree or disagree with the following statements.
Barter System did not have any difficulty.

Q. State with reasons whether you agree or disagree with the following statement.
The Income Elasticity of Demand is only positive.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Analysing Capital Accounts

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Partner's Capital Accounts

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon