Question
XYZ Ltd. classifies bank overdraft under 'Cash and Cash
Equivalents' in the balance sheet. The overdraft is repayable on demand and regularly fluctuates from credit to debit. Is this correct as per Ind AS?Solution
As per Ind AS 7, overdrafts that form part of cash management system can be shown under cash equivalents.
More Presentation of Company Financial Statements Questions
(1177.99 + 226.99 + 94.923) ÷ 24.97% of 59.989 = ?
What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)...
(20.23% of 780.31) + ? + (29.87% of 89.87) = 283
((341.789)1/3 × (0.0049)1/2)× 429.798/6.88 =?
- 248.95 of 21.33 - 134.56 of 15.77 = ? of 14.04 of 22.45
{(22.22 2 + 6.06 3 ) ÷ 15.15} × 3.03 = ? – 55.05 × 4.04
630.11 ÷ 20.98 × 5.14 – 125.9 = √?Â
(2310.23 ÷ 32.98) + (1008.32 ÷ 23.9) + 1594.11 = ?
? = 25.08 + 11.99 × 24.07
