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1fin material Illustration 1 (balance sheet of A &co. Ltd.) 1)Why didn't we record bank overdraft in current liabilities? 2)How did we arrive at the cash and cash equivalents balance?

Monika T

Monika T

CA Final

★ 7K+

15-Mar-24 09:29

252

Answers (1)

It is done by adjusting the cash and cash equivalent balance to settle the bank overdraft

Sherli Njrs

Sherli Njrs

CA Final

★ 5K+

15-Mar-24 20:42

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