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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Dec 2015 Q2 a
Hello sir , they mention in the question ( drawn borrowing facilities and undrawn borrowing facilities) could you briefly explain both of them and whats the difference between them?
Thanks
See my answer to point 1 on this post https://opentuition.com/topic/malevich-co/
Sir in the FS they mention the bank loan , and in the notes to FS they mention undrawn facility with different amount . So are they related to each other or no ?
Or the undrawn facility means overdraft?
If a facility is 10,000 and the client draws 4,000, the overdraft/loan balance is 4,000 and the undrawn facility is 6,000.
Thanks sir , thanks for the clarification .
You are welcome!