What is the proper treatment of bank overdraft in the financial statements?

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The definition presented below is for bank overdraft, but what the definition of...
Posted by:
Almutaz Bakry Sidahmed
11-October-2014

Financial Reporting

Question added by LIZA CERENADO , Accountant General , Mazroui Construction Technology LLC
Date Posted: 2016/03/25

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by Natalia Pimenova , Sales And Marketing Executive , AL Ameer

There is a special type of bank overdraft called 'book bank overdraft' which represent situation in which the balance as per cash book is negative while the balance as per bank book is positive

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