Under IFRS, bank overdrafts are classified as
A)operating activities.
B)investing activities.
C)financing activities.
D)cash and cash equivalents.

Name: Under IFRS, bank overdrafts are classified as A)operating activities. B)investing activities. C)financing activities. D)cash and cash equivalents.
Brand: Quizplus
Rating: 4.9 (34 reviews)

Question

Quizplus · Accepted Answer

Under IFRS, bank overdrafts are considered a part of cash and cash equivalents if they are repayable on demand and form an integral part of an entity's cash management.

Under IFRS, Bank Overdrafts Are Classified as