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............????
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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
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