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If your "cash at bank" closing balance have a negative balance due to overdraft, or issuing balance crossing outstanding cheque, where will you show it? 1) In current asset , or 2) in Current liability. and why?

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Question ajoutée par Md. Shahrier Aswad , Accounts Officer, Finance & Accounts Department , Center for the Rehabilitaion of the Paralysed (CRP)
Date de publication: 2016/02/13
Ahmed Mohamed Ayesh Sarkhi
par Ahmed Mohamed Ayesh Sarkhi , Shared Services Supervisor , Saudi Musheera Co. Ltd.

Option "2 " current liabilities

 

manseer muhammed ali
par manseer muhammed ali , Accountant General , Royal Lighting L.L.C & Royal Furnishing LLC

My point of view, it will shown in Current Asset.

But as it is negative it will shown in Liability side of the balance sheet

Mohammad Iqbal Abubaker
par Mohammad Iqbal Abubaker , Accountant , Wafa Yusuf Mustafa Trading

I will show it in the "Current Assets" as negative balance. 

تحسين صوان
par تحسين صوان , محاسب رئيسي , ش العربيه لصناعه المواسير (شركه مساهمه عامه )

If you open the bank balance at the end of the period the account appears in the liabilities side

mohammad jaber
par mohammad jaber , Accountant , AL-Zahera International for shipping & transport & Logistics

The correct answer will be current liabilities because the company became indebted to the bank (the company's balance Unveiled

Hazem Mohamed Abdelhafez
par Hazem Mohamed Abdelhafez , مبيعات داخلي , HyPeR oNe

in Current liability. .

nicholas nzioka
par nicholas nzioka , teller supervisor , equity bank

that is current liabilities side

APOLLONARY WAWIRE WEKESA
par APOLLONARY WAWIRE WEKESA , Finance Officer , National Treasury of Kenya

i will show it in the current liabilities

Raja Tamoor
par Raja Tamoor , safety officer , Discon limited

In Current liabilitity..that's it.

Rehan Qureshi
par Rehan Qureshi , Financial Consultant , Self Employeed

simple answer is in under current Liability

Alaa Ibrahim Ahmed Ibrahim Yousuf
par Alaa Ibrahim Ahmed Ibrahim Yousuf , Cash Administrator , Shabakkat Cellular Company

I WILL SHOW IT IN CURRENT LIABILITIES , BECAUSE IT WILL BE LIABILITIES ON THE FIRM TO THE BANK.

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