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How will you treat Bank Overdraft and Cash Credit in the Balance Sheet of a Company?

  • Post category:Accountancy
  • Reading time:1 mins read

SOLUTION

These will be treated as ‘Short-term borrowings’.

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Previous PostUnder what heads the following Items on the Equity and Liabilities side of the Balance Sheet of a Company will be presented: (i) Proposed Dividend; (ii) Unclaimed Dividend.
Next PostHow share application money pending allotment will be shown in a Company’s Balance Sheet?

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