Answer
c.
Work Step by Step
IFRS places bank overdrafts under the category of cash, whereas GAAP places bank overdrafts in the category of liabilities.
Intermediate Accounting (16th Edition)
by Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D.
Published by
Wiley
ISBN 10:
1118743202
ISBN 13:
978-1-11874-320-1
Chapter 7 - Cash and Receivables - IFRS Insights - IFRS Self-Test Questions - Page 384: 1
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