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Jadyn Sporer

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βˆ™ 3y ago
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βˆ™ 12y ago

It depends on your point of view. If you are a customer of the bank and are looking at a bank balance as a representation of your assets (i.e. what you own) then having money in the bank will be a positive value. If you overdraw your account, you will owe money to the bank and therefore the value of the account is now negative, so a fifty dollar overdraft will look like -$50.

However, see the same balance from the bank's point of view and the fact that you owe $50 to the bank means that the account has a value of $50, so it will be a positive number in their accounts.

So, an overdraft can be -$50 or $50. Both can be right.

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Q: Is the overdraft 50 or -50 dollars?
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