what is Bank Overdraft?

what is Direct and Indirect tax? 

Hi pranav

Bank Overdraft is negative bank account

Learn About Bank Overdraft here

http://www.teachoo.com/819/250/Entries-for-Overdraft/Cash-Credit-(OD/CC-Limit)/category/Loan-Entries/

Profit is

Income-Expenses

Check Video here

http://www.teachoo.com/804/246/Rules-for-Debit-Credit/category/Rules-For-Debit-Credit/

Difference between Finance and Accounts

Accounts is maintaining books right from passing journal Entries till preparation of Profit and Loss and Balance Sheet

Finance starts after balance sheet is prepared like

Ratio Analysis,Fund Flow,Cash Flow,Preparing Projections and Budgets

Learn more here

http://www.teachoo.com/subjects/accounts-and-finance/

(Step1-Step 4 is Accounts,Step 5-7 IS finance)

In future,ask each question separately