Why is bank overdraft not a part of quick liabilities ago? And why is it now?

Question added by Ashish Limbadiya
Date Posted: 2018/02/27

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

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

Which one is considered for calculating WACC? A. Trade payables B. Bank Loan C. Bank Overdraft D. Debenture
Top Answer: D (debenture) is correct. The reason being affect on weighted average cost of capital because of cost ass ... See More

Answers (3)
How to present Bank Overdraft in Cash flow statement?
Top Answer: It will be reflected as part of working capital changes under the operating activity of the cash flow sta ... See More

Answers (1)
How do we report "Bank Overdraft" in a Cash Flow Statement ?
Top Answer: <p><span>Under IFRS however, bank overdraft is treated as part of cash and cash equivalents a ... See More

Answers (4)
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)