Bank overdraft is a current liability. is it true or false
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Explanation:
Current Liabilities for Companies
Accounts payable - This is money owed to suppliers. Accrued expenses - These are monies due to a third party but not yet payable; for example, wages payable. ... Bank account overdrafts - These are short term advances made by the bank for overdrafts.
therefore true
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it's absolutely true j
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