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Bank overdraft

RR10y ago
Dear lecturer, I would like to ask you a question. Is bank overdraft interest included in operating expense ? Or Is bank overdraft an interest expense to be deducted before giving profit before tax ?
John MoffatJohn MoffatTutor10y ago#1
Strictly all interest should be shown separately as an expense after operating profit but before tax. (Obviously only for a limited company)
RR10y ago#2
Thank You ! Lecturer
John MoffatJohn MoffatTutor10y ago#3
You are welcome :-)
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