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Bank should include in Current Asset?

This topic has 1 reply, 2 voices, and was last updated 3 years ago by barbjohn.

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August 20, 2021 at 3:03 am #632278
Jas
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I have a question regarding bank. In 2015 June Question 2, the trial balance given show Bank 1900, but why the bank is not include in current asset ?
September 18, 2021 at 10:32 am #635946
barbjohn
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I don’t have the question to hand so this is a guess! Is it maybe because the figure in the trial balance is in the credit column? In which case it will be included in current liabilities because it’s an overdraft
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