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Interest on bank overdraft

Former userFormer user5y ago

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P2-D2P2-D2Tutor5y ago#1
Hi, It is because it is interest expense and will be deducted after PBIT as a finance cost. Thanks
P2-D2P2-D2Tutor5y ago#2
I'd have probably done what you have done and added back the interest on the bank overdraft. They seem to be saying that the bank overdraft is not borrowings and arises from the day-to-day operations but I tend to disagree. Thanks
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