Draft example sentences

Commercial banks generally lend money by providing overdraft and cash credit facilities, loans and advances.It begins with opening balance of cash in hand and cash at bank (or bank overdraft) and closes with the year end balance of cash in hand/ cash at bank or bank overdraft.For the last two years all our bad news had come from there the lost battles, the draft, the orders of the commanding officer and I thought to myself, without stopping, What can be the matter now? Then, as I hurried by as fast as I could go, the blacksmith, Wachter, who was there, with his apprentice, reading the bulletin, called after me, Don t go so fast, bub; you ll get to your school in plenty of time! I thought he was making fun of me, and reached M.As far back as in 1928, Motilal Nehru and eight other Congress leaders drafted a constitution for India.Thus, the amount realised from assets along with contribution from partners, if required, shall be utilised first to pay off the outside liabilities of the firm such as creditors, loans, bank overdraft, bill payables, etc.A collateral security may be defined as a subsidiary or secondary or additional security besides the primary security when a company obtains a loan or overdraft from a bank or any other financial Institution.In the case of sight draft, the drawer instructs the bank to hand over the relevant documents to the importer only against payment.However, businesses sometimes have overdrafts at the bank.A collateral security may be defined as a subsidiary or secondary or additional security besides the primary security when a company obtains a loan or overdraft from a bank or any other financial Institution.Current liabilities include creditors, bills payable, outstanding expenses, provision for taxation net of advance tax, bank overdraft, short-term loans, income received in advance, etc.The following solved illustration will help you understand the preparation of bank reconciliation statement when there is an overdraft.In case, however, the total of the credit side is more than that of the total of the debit side, show the difference on the debit as bank overdraft and close the account.Examples of such deductions include: cheque collection charges, incidental charges, interest on overdraft, unpaid cheques deducted by the bank – i.e. stopped or bounced, etc.For example, Ankit buys goods from Bishan, he may postpone the payment by accepting a draft drawn by Bindu upon him.(or sometimes OD) means that there is an overdraft and called debit balance as per passbook.