A bank overdraft would be reported as
A)a current liability.
B)accounts payable.
C)negative cash under current assets.
D)a non-current liability.

Name: A bank overdraft would be reported as A)a current liability. B)accounts payable. C)negative cash under current assets. D)a non-current liability.
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Question

Quizplus · Accepted Answer

A bank overdraft is considered a current liability because it is typically expected to be repaid within a short period, usually within the bank's terms for overdraft repayment.

A Bank Overdraft Would Be Reported as