accounts overdraft

pavani.pothugunta (Querist) 19 May 2011 This query is : Resolved
is overdraft facility unavailed by company ,to be taken as a current asset or a current liability while estimating working capital requirement..

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Arun Bhatia (Expert) 19 May 2011
Unavailed facility is neither a current asset nor a current liability for calculation of working capital requirement

Advocate. Arunagiri (Expert) 19 May 2011
OD availed is a current liability.

Guest (Expert) 20 May 2011
Unavailed OD is just a facility, which you can avail. That has no tangible value unless availed. So, neither that amount becomes part of your company's asset, nor liability unless availed.

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