Bank overdraft as a short term source of fund is
- an overdrawn account
- granted to a newly opened account
- repayable after more than a year
-
a current liability
The correct answer is: D
Explanation
A bank overdraft is considered a short-term source of funds and is classified as a current liability on the company's balance sheet. It represents the amount of money that a company owes to the bank after having withdrawn more than the available balance in its account. Typically, this type of borrowing is repayable within a year.