How do you calculate an overdraft in a cash book?

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Favour AsombaFavour Asomba asked 5 years ago

How do you calculate an overdraft in a cash book?

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Melvyn ChukwuMelvyn Chukwu answered 5 years ago

If the balance is a credit balance (overdraft) then it is entered on the credit side in the  cashbook

Chiedozie MbaChiedozie Mba replied 2 years ago

If the balance is a credit balance (overdraft) then it is entered on the credit side in the cashbook

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