Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>

Bank overdraft

This topic has 3 replies, 2 voices, and was last updated 6 years ago by John Moffat.

Viewing 4 posts - 1 through 4 (of 4 total)

Author

Posts
May 1, 2016 at 4:58 am #313221
manirak
- Topics: 24
- Replies: 24
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 ?
May 1, 2016 at 8:42 am #313238
John Moffat
Keymaster
- Topics: 57
- Replies: 51270
Strictly all interest should be shown separately as an expense after operating profit but before tax. (Obviously only for a limited company)
May 1, 2016 at 11:03 am #313251
manirak
- Topics: 24
- Replies: 24
Thank You ! Lecturer
May 1, 2016 at 1:24 pm #313259
John Moffat
Keymaster
- Topics: 57
- Replies: 51270
You are welcome 🙂
Author

Posts

Viewing 4 posts - 1 through 4 (of 4 total)

You must be logged in to reply to this topic.