Sagot :
Answer:
Generally, the bank overdraft in the balance sheet will be reported as a bank overdraft double entry. This would entail listing it as an increase in cash flow — an increase as a bank overdraft asset — while also being reported on the other side of the general ledger as an increase in short-term liabilities.
Explanation:
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Generally, the bank overdraft in the balance sheet will be reported as a bank overdraft double entry. This would entail listing it as an increase in cash flow — an increase as a bank overdraft asset — while also being reported on the other side of the general ledger as an increase in short-term liabilities.