Which of the following permits a company to run its current account into deficit up to an agreed date?
A)Direct loan.
B)Overdraft.
C)Secured loan.
D)Short-term loan.

Question

Quizplus · Accepted Answer

An overdraft is a type of credit facility that permits a company to withdraw more funds than the balance available in its current account, up to an agreed limit. It allows a company to run its current account into deficit up to an agreed date or limit.

Which of the Following Permits a Company to Run Its