bank overdraft
Dipesh Jha (PRACTICE ) (673 Points)
02 July 2019
where to show bank overdraft in balance sheet as per schedule III of companies act 2013
2 Replies
SURJAY SAHANI
(4 Points)
Replied 03 July 2019
simple bank overdraft should be shown under cash and bank balance with negative amount . if there are other bank accounts exists otherwise show under current liabilities
Prakash Gehani
(Consultant & Teacher(Whatsapp 8718057907))
(1306 Points)
Replied 05 July 2019
Bank overdraft negative balance will not be treated as cash and cash equivalent in balance sheet, it is Current Liability
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