Bank overdraft as a short term source of fund is
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Correct Answer: Option A
Explanation:
A bank overdraft is a current liability because it represents money owed to the bank that is normally repayable within a short period. It arises when a customer is allowed to withdraw more money from a current account than the available balance.
A bank overdraft is a current liability because it represents money owed to the bank that is normally repayable within a short period. It arises when a customer is allowed to withdraw more money from a current account than the available balance.