How is bank overdraft treated as it relates to reconciling bank statement and cash balance?

Question added by Adeboh Eghene
Date Posted: 2018/01/30

Upvote (0) Views (1) Followers (0) Answers (0) Report Question

Be the First to Answer
Register now or log in to answer.

What is the proper treatment of bank overdraft in the financial statements?
Top Answer: There is a special type of bank overdraft called 'book bank overdraft' which represent situation in which ... See More

Answers (1)
Which of the following statements is correct in relation to a trial balance?
Top Answer: c. t is a list of balances and forms the starting point for the preparation of the business accounts. ... See More

Answers (6)
What is the Main Purpose Of Cash Flow Statement? Cash is Visible in Balance Sheet. Than why we have Cash Flow?
Top Answer: <p>Lies the importance of cash flow in the statement of sources and uses of funds the project</p ... See More

Answers (22)
Which Of the following is the typical sort of making basic financial Statements?
Top Answer: the correct answer is (a) a- Income Statement then Balance Sheet then Statement of change in owner Equ ... See More

Answers (33)