What Does A Monthly Fee Mean? 1. Definition (n.) the cost each month; the fee each month. Examples The enrollment fee here is expensive, but the monthly fee is low. Take “monthly-fee” Quiz. What is a monthly fee bank? A monthly maintenance fee (sometimes called a monthly service fee) is money a bank charges you
How Do You Record Bank Overdraft In Accounting? Cash Overdraft in Balance Sheet In the balance sheet, show the negative cash balance as Cash Overdraft in the current liabilities. Or you can also include the amount in accounts payable. If you are netting the three bank accounts, consider using the Cash Overdraft option. What is
Which Type Of Account Is Bank Overdraft Account? OD account stands for Overdraft account. It is a type of account in which you can withdraw amount even if there is no fund in your account. The bank sanctions a specific limit and your account can go in negative up to that limit. You have to