A. A current liability B. An overdrawn account C. Grade to a newly opened account D. Repayable after more than a year
Correct Answer: A
Explanation
An overdraft occurs when money is withdrawn from a bank account and the available balance goes below zero. In this situation the account is said to be "overdrawn Current liabilities are a company's debts or obligations that are due within one year or within a normal operating cycle, example is overdraft
