Question: 3 A bank overdraft should be (a) Included in the financial fixed assets (b) Reported as a current asset (c) Reported as a current liability

3 A bank overdraft should be

(a) Included in the financial fixed assets

(b) Reported as a current asset

(c) Reported as a current liability

(d) Netted against positive cash balances at other banks

(e) None of these

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