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.
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Question

Quizplus · Accepted Answer

Under IFRS, bank overdrafts are often classified as 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