I Was of the Opinion that Bank OD Forms a part of Cash and Cash equivalents in the Cash Flow Statement,(CFS)just wanted to know how a Bank OD Sanctioned during the year should be shown in the CFS,IF it should be treated as a financing activity or not............????
Menu
Treatment of Bank Overdraft Sanctioned during the Yr in CFS
Replies (2)
Bank Overdraft is normally provided for operating actvities. It should be a part of operating activities.
Also, it is not consideredf as cash and cash equivalent, rather it is shown under current liabilities under bank OD accounts.
agreed with rahul
Recent Topics :
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
Related Topics :
CAclubindia
